State prosecutors have charged real estate agent Mike Kobeissi with price gouging a couple seeking to rent a property after losing their home in the Eaton fire. Allegedly, he raised the rental price by 38% after the couple submitted their application, violating a state order that limits rental price increases to 10% for fire victims. Kobeissi denied the accusations, claiming the increase was due to changes in school district status and that his listing was fair compared to the local market. The charges serve as a warning against exploiting disaster victims.
May this announcement serve as a stern warning to those who would seek to further victimize those who have lost everything...the DOJ is aggressively pursuing those trying to make a quick buck.
I learned the area had switched school districts, which affected the price...the listing was very fair for the area.
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