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LA sees rental prices surge up to 24% post-wildfires; governor caps hikes at 10%.
The Washington Post reported a 20% increase in Los Angeles rental prices following wildfires, suggesting illegal price gouging.
However, Governor Gavin Newsom banned rent hikes exceeding 10% of previous rates.
While median rents rose between 12% for multi-family homes and 24% for single-family homes, these increases don't necessarily violate the new rules.
Higher prices can help allocate scarce housing and encourage more units to enter the market.
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LA ve los precios de alquiler subir hasta el 24% después de los incendios salvajes; los topes del gobernador aumentan al 10%.