Illegal PriceGouging Runs Rampant After Disasters. The LA Fires Proved It
News Source : Gizmodo.com
News Summary
- After the L.A. wildfires, thousands of displaced Angelenos scrambled to find new housing.
- They scoured Zillow and Airbnb for units they could afford on short notice.
- What they found were sky-high prices gouged by property owners and real estate agents.
- Three dozen states and the District of Columbia have laws that prohibit price-gouging during an emergency, but they are difficult to enforce in the chaos of disaster.
- The stakes are even higher when it comes to housing, which is already in a shortage.
Last January, a series of massive wildfires broke out across the Los Angeles area, fueled by high winds and dry temperatures. The fires raged for weeks, incinerating entire neighborhoods in the wealt [+12092 chars]
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