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Louistom

01 Feb 2025 - 01:33 pm

Price gouging laws are being ignored by landlords, says estate agent
published at 14:39
14:39
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Jason Oppenheim shot from shoulders up, smiling and looking to right
Image source,Getty Images
Let's bring you a bit more about reports of price gouging by landlords in Los Angeles, which we reported on earlier.

Speaking a little earlier on BBC's Sunday with Laura Kuenssberg programme, Jason Oppenheim, a real estate agent in Los Angeles, says some landlords are breaking the law by raising rents more than 10% high than pre-disaster prices.

"We're having landlords taking advantage of the situation," says Oppenheim, who stars in the reality show Selling Sunset about LA's luxury real estate market.

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"There are thousands of people who are displaced...the hotels are overwhelmed," he says.

Oppenheim says he sent a client to a rental property which was listed for $13,000 (?11,000) a month. "(My client) offered $20,000 (?16,400) a month and he offered to pay six months upfront and the landlord said 'no, I want $23,000 (?19,000) a month'," he says.

"There are price gouging laws in California, they are just being ignored right now...it's illegal to take advantage of a natural disaster."


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