by Tyler Durden<\/p>\n\n\n\n
Landlords in fire-stricken Los Angeles are jacking rents in violation of California law as thousands of residents seek shelter<\/strong> due to multiple fires burning in the area.<\/a><\/p>\n\n\n\n A search of local listings by several outlets reveal several landlords who have raised prices by as much as 124%<\/strong>, flouting a state law that prohibits rent hikes in excess of 10% after a state of emergency has been declared.<\/p>\n\n\n\n California\u2019s state of emergency, declared by Gov. Gavin Newsom on Tuesday, bans price gouging for a range of goods and services, including rental housing. That means any rent increase above 10 percent since the start of the state of emergency is illegal for the duration of the crisis.<\/strong><\/em><\/p>\n\n\n\n But since Tuesday, some landlords and their agents have raised prices by more than what California law allows.<\/strong> These price increases come as hundreds, if not thousands, of displaced Los Angeles residents search for interim housing while they figure out their next steps, worsening an already tight rental housing market<\/a> in the region. -NY Times<\/em><\/p>\n<\/blockquote>\n\n\n\n One five-bedroom rental in Santa Monica which listed for $12,500 in February 2024 was going for $28,000 per month<\/strong>, an increase of 124%, before it was pulled from the market on Sunday according to Inside Edition<\/em><\/a>‘s Lisa Guerrero.<\/p>\n\n\n\n Clients of our friend were trying to lease a house while their home was being renovated. The lease was for $18,000 per month. They were to sign the papers the day of the fire. Now the people renting want $30,000. Approximately 12,000 structures from Malibu to Pacific Palisades to Altadena have been destroyed in the ongoing fires<\/strong>.<\/p>\n\n\n\n LA real estate agent Samira Tapia<\/strong> told the NY Times<\/em> that her review of more than 400 listings revealed nearly 100 properties <\/strong>which had rents raised beyond the 10% threshold<\/strong> – with one in North Hollywood jumping overnight from by $800, to $5,700 per month.<\/p>\n\n\n\n A furnished Bel Air home went on Zillow today for $29,500 \/ month. A few months ago, it was asking $15,900. Another LA realtor, Laura Kate Jones, says she’s found rents for several properties in West LA which have spiked between 15% and 20% overnight, with one listing agent raising the rent by $3,000 mid-tour, she said.<\/p>\n\n\n\n According to this property\u2019s history, it was listed at $12,000 last year. Yesterday it was listed at $28,000. Price gouging? What\u2019s up Trulia?? www.trulia.com\/home\/1812-na<\/a>… “People are so panicked and desperate to get into a house right now that they\u2019re just throwing money into the wind,” she told the NY Times<\/em><\/a>. “People taking advantage of this. It\u2019s horrendous.”<\/p>\n\n\n\n Chelsea Kirk, director of policy and advocacy at Strategic Actions for a Just Economy, compiled a crowdsourced spreadsheet<\/a> that includes addresses<\/strong>, Zillow links, dates of rent increases and exact pre- and post-hike prices.<\/strong><\/em><\/p>\n\n\n\n Among the listings that stands out is a 9,615-square-foot Tudor mansion in Bel Air. The home was listed at $29,500 per months in December. <\/strong><\/em>But last week the listing reappeared with a new price \u2014 $39,000 per month<\/strong>. –NY Post<\/a><\/em><\/p>\n<\/blockquote>\n\n\n\n And according to Yahoo New<\/a>s<\/em>, one small property – just 1,200 sqft. located in Woodland Hills which listed for $3,900 in November is now priced at $5,900.<\/p>\n\n\n\n California AG Rob Bonta has vowed to investigate violations and impose penalties on scumbag landlords, including fines up to $10,000 and\/or imprisonment.<\/p>\n\n\n\n asdf<\/p>\n\n\n\n Congrats everyone! In blue states and cities whose policies force the moral and conservative people to leave, this leaves behind a lot more immoral people that quickly exacerbates the situation. Consequently, just look at how immoral landlords are breaking the law on rental prices. Across the board, you’re seeing lawlessness increase because the pool of people left […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-10360","post","type-post","status-publish","format-standard","hentry","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=10360"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10360\/revisions"}],"predecessor-version":[{"id":10361,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10360\/revisions\/10361"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=10360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=10360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=10360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"\/](\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/los-angeles-landlords-jack-rent-96680406.jpg?itok=Dr7hIMrO\")
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The vultures are circling and the flames aren\u2019t even out yet. \u2014 James Woods (@RealJamesWoods) January 11, 2025<\/a><\/p>\n<\/blockquote>\n\n\n\n\n
I called up the agent. She said she told her client to re-list the home after this week’s L.A. fires.
“People are desperate,” she said. “You can probably get good money.” pic.twitter.com\/PZJjzOeWRf<\/a> \u2014 David Wagner (@radiowagner) January 12, 2025<\/a><\/p>\n<\/blockquote>\n\n\n\n\n
[image or embed]<\/a> \u2014 Lisa Guerrero (@lisaguerrero.bsky.social<\/a>) January 11, 2025 at 3:32 PM<\/a><\/p>\n<\/blockquote>\n\n\n\n\n
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The Price Gouging for Long Term Rentals in Los Angeles has resulted in a Licensee Advisory Notice sent by the DRE.
\ud83d\ude35\u200d\ud83d\udcab pic.twitter.com\/B9xvrOBtlP<\/a> \u2014 Ryan Danz (@RyanDanz) January 14, 2025<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"