The article discusses challenges faced by individuals affected by fires, highlighting the legal and economic struggles due to potential price gouging. Spencer Kallick of Allen Matkins mentions that over 300 people he knows have experienced displacement and related pricing issues, revealing his pro-bono legal work for victims. Conversely, Michael Lucarelli from RentSpree suggests that while there were higher rent prices in specific instances, data does not support widespread price-gouging claims. Instead, increased demand for rentals in the aftermath has been observed, with transaction levels rising significantly.
Kallick emphasizes the challenges faced by individuals post-fire, indicating significant price gouging and a lack of knowledge regarding laws, which complicates their situations.
Lucarelli counters Kallick's claims, noting that while competition among renters increased, there's no definitive evidence of a market-wide spike in prices.
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