Illegal Price-Gouging Runs Rampant After Disasters. The LA Fires Proved It

The article highlights the issue of illegal price-gouging following natural disasters, using the recent Los Angeles wildfires as an example. It reports that rents in the affected areas increased by 20% after the fires, making it difficult for displaced residents to find affordable housing in an already challenging market. The article suggests that this practice of raising prices significantly during times of crisis is a form of illegal price-gouging, which takes advantage of vulnerable populations and disrupts the recovery process. It suggests that these actions undermine the efforts to support those affected by natural disasters and calls for greater regulation and enforcement to prevent such exploitation. The article emphasizes the need for policymakers and authorities to address this issue and protect consumers from unscrupulous practices in the aftermath of disasters, ensuring that affected communities can access the resources and support they need to rebuild and recover.