“California Rent Up 124%” – Wildfires Spark RENT CRISIS As Landlords Raise Rates For HUGE Profits!

Wildfires are fueling illegal rent hikes in LA! Landlords are flouting price-gouging laws, with some rents skyrocketing over 120%. Explore the impacts of desperate renters, market demand, and the ethical debate. A must-watch for Californians and beyond!
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[Mrusc]

Why isn’t CA providing shelter and hotels like they did for the illegals?

[ClarkeGriffiny]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[heavenlyscents-oliviasands]

That’s a slap in the face! So sad for the victims of the fires. SMH

[skmetal]

If your house burning down wasn't enough of a reason to leave CA....

[mikejarvis]

Put them in the high rent hotels, with the illegal immigrants ❤

[JJ]

The Prices were already ridiculously inflated before the fire. This is how people wind up homeless. Rents go up way faster than their salary and now they don't "qualify"

[joedirt]

Fire insurance in CA has gone up 500 percent and you guys aren’t talking about that. The new coverage sucks. No loss of use.

[Talisman_AB]

In a crisis like that jumping rent 124% is criminal

[whips]

I’m a realtor in the area. Not only is this unethical but the people doing this will be subject to fines. Very sad and pathetic.

[BTD]

I support rent control. This is the end result of over 15 years of endless liquidity that has made rich people richer and poor people poorer. Now rich people will be bidding up prices and it will be impossible for most people to compete.

[philipquaglino]

In Katrina, apartments standing doubled rent overnight and kicked out renters because they know they don't make the money needed to do a lawsuit that will take years...stuff like this is why Luigi is being praised....

[KennyKlutch]

Save California and vote against the madness.

[TheInternetComplaintDepartment]

When our dollar has no protection against government spending, the consumer can expect no "consumer protection". Someone always pays. That someone is us.

[NK-iwrq]

Sad to hear this panel defend this kind of predatory behavior. They have sold their souls to defending capitalism at all costs.

[TufanOmer-fu]

The ADX presale is one of the best opportunities I’ve seen this year. Locked in my position early!

[BrianPhillips-do]

Get out of California if you can, and if you can't find a way!

[alado_yt]

This is bull these people are scum they should be held accountable 125% come on people they lost their homes some lost family’s it’s not right you know it’s wrong!

[kkmujgaa]

I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?

[Fluffylabellchatlane]

It would free up a lot of Housing if the illegal immigrants went home. There ….I said it

[andriimalin]

Tom needs his own platform. The rest of the team is not neer his knowledge and experience