Selling Sunset's Jason Oppenheim has criticized landlords in Los Angeles for allegedly exploiting wildfire victims by illegally raising rental prices. Speaking on BBC One, Oppenheim shared that one landlord demanded $23,000 per month for a property initially listed at $13,000, despite California's anti-price gouging laws. Oppenheim’s luxury real estate business offers its services free to displaced residents, with calls pouring in from those affected. Thousands of residents have been displaced by the wildfires, with median rent in LA at $2,800, compounding challenges for victims. California authorities have prohibited businesses from raising prices over 10% above pre-disaster levels.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Selling Sunset's Jason, Oppenheim has criticized landlords in Los Angeles for allegedly exploiting
00:07wildfire victims by illegally raising rental prices. Speaking on BBC1, Oppenheim shared that
00:12one landlord demanded $23,000 per month for property initially listed at $13,000,
00:18despite California's anti-price gouging laws. Oppenheim's luxury real estate business is
00:23offering its services free to displaced residents, with calls pouring in from those affected.
00:28Thousands of residents have been displaced by the wildfires, with median rent in LA at $2,800,
00:33compounding challenges for victims. California authorities have prohibited
00:36businesses from raising prices more than 10% above pre-disaster levels.
00:40For all things money, visit Benzinga.com slash GSTV.