One real estate agent remarked, "People [are] taking advantage of this. It's horrendous," highlighting the exploitation amid the crisis as families seek shelter.
Experts indicated that rents in L.A. could surge by 8% to 12%. Selma Hepp emphasized, "Doubling of growth or tripling of rent growth is absolutely possible" in the current market.
Despite laws to prevent price gouging, many rental listings show increases exceeding the 10% cap set in emergency declarations, underscoring the loophole exploitation.
The Los Angeles Times noted that fire victims face fierce competition for rentals, with one stunning listing receiving 10,000 views on Redfin within just an hour.
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