California Attorney General Rob Bonta announced that a La Cañada Flintridge real estate agent is facing criminal charges for allegedly hiking rental prices by 38% post-wildfires. The agent, Mike Kobeissi, raised prices after a couple who lost their home in the Eaton fire applied for a rental. California law limits such increases to 10% in the aftermath of natural disasters. This is the first price gouging charge linked to the recent fires, highlighting the state's cracked-down approach against exploitation in vulnerable situations.
A real estate agent in La Cañada Flintridge is facing criminal charges for allegedly raising rental prices by 38% after wildfires, violating California law.
California law prohibits raising rental prices by more than 10% after a natural disaster; the agent's actions have raised alarm amid the ongoing housing crisis.
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