California officials urge public to report price gouging as housing prices expected to rise amid wildfires
Recent wildfires in Southern California have left over 12,000 homes destroyed and thousands displaced, leading to a more competitive housing market. Reports of rent-gouging have emerged, prompting officials to enforce legal rent caps during the state of emergency. FEMA provides assistance to displaced residents, while platforms like Airbnb and Zillow are working to prevent illegal rent hikes.
Recent wildfires in Southern California have left over 12,000 homes destroyed and thousands displaced, leading to a more competitive housing market. Reports of rent-gouging have emerged, prompting officials to enforce legal rent caps during the state of emergency. FEMA provides assistance to displaced residents, while platforms like Airbnb and Zillow are working to prevent illegal rent hikes.
