Los Angeles fire victims get protections from predatory real estate investors under new order from Gov. Gavin Newsom
The order targets opportunistic real estate speculators who make unsolicited cash offers well below market value in attempts to exploit victims of the Los Angeles-area fires.
Some of Los Angeles’s Most Expensive Real Estate Is Burning
Los Angeles is among the most densely populated cities in the United States, and its layout is compounding property losses. The city and surrounding towns also have some of the most expensive real estate in the country.
The wildfires have created an entirely new housing crisis in Los Angeles
Recent wildfires have left a devastating mark on the Los Angeles area, displacing families and exacerbating an already dire housing crisis. Rents in the region are on the up, with accusations of short-term price gouging by landlords making national headlines.
California protects LA fire victims from predatory real estate investors
Gov. Gavin Newsom signed an executive order Tuesday aimed at cracking down on land speculators who make “aggressive and unsolicited cash offers” to purchase properties affected by the Southern California wildfires.
Fires Continue to Burn in Los Angeles
As Los Angeles continues to burn the death is rising, the five still active fires leaving 24 dead and more than 12,000 structures destroyed.
Thousands of Los Angeles homeowners dropped by insurers before wildfires
Before the recent wildfires in Southern California, insurers dropped thousands of Los Angeles homeowners. CBS News MoneyWatch correspondent Kelly O'Grady has more on what that means for those trying to rebuild.
Los Angeles landlords jack up rent by as much as 124% — flouting price gouging laws during deadly wildfires
A five-bedroom home in Santa Monica, previously listed at $12,500 per month a year ago, was recently relisted at $28,000 per ...
LA fires: 'Million Dollar Listing' stars raise alarm about illegal price gouging
"Million Dollar Listing" stars Josh Flagg and Josh Altman explain how the housing market will be affected after the ...
Mansion Global12h
L.A. Brokers Call for Pause of ‘Mansion Tax’ Amid Wildfires to Aid Rebuilding
Second, the brokers requested that the city suspend the ULA transfer tax, better known as the mansion tax, for the sale and ...
Real estate mogul details how Los Angeles can rebuild after wildfires, says California leaders must ‘step up’
California leaders and politicians are "going to have to step up" and help communities rebuild homes while providing ...
Los Angeles fires exacerbate housing crisis, experts say
At least 16 people are dead and more than 10,000 structures have been damaged by catastrophic wildfires devastating southern ...
Eaton Fire
Former Colorado Buffalo and NFL linebacker and current Coloradan Chad Brown says his hometown in California, as well as his ...
LA Real Estate Investor’s ‘Any Amount’ Offer To ‘Private Firefighters’ Sparks Backlash
The disconnect is jaw dropping. Just wow,” wrote one user of a resident who offered “any amount” to protect his home.
Business Times3h
Los Angeles rental hits US$40,000 a month as fires roil housing market
Los Angeles already had a housing affordability crisis before devastating wildfires burned entire neighbourhoods to the ...
FOX 11 Los Angeles on MSN15h
California fires: Why are rents spiking in Los Angeles?
Officials are now starting to see price gouging and scams, including with hotels and short-term rentals and medical supplies, ...
Bisnow12d
Los Angeles Studio Real Estate Conference
Current Dynamics in Studio Demand: Gain insights into how recent industry changes, including post-strike conditions, are ...
Greedy LA landlords are illegally price gouging rental rates amid devastating fires, says Selling Sunset real estate mogul Jason Oppenheim
Selling Sunset' star Jason Oppenheim said one landlord demanded $10,000 more a month than the price agreed before the fires ...