A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy fire victims.

The Los Angeles area wildfires that have devastated communities like Pacific Palisades and Altadena have prompted a spike in prices for rental housing, spurring price gouging concerns.

Landlords in Los Angeles are facing accusations of price gouging by significantly increasing rents for high-demand properties amid the ongoing wildfires. Despite California laws prohibiting price hikes over 10% during emergencies,

Southern California’s expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay.

California officials are sounding the alarm as rent prices skyrocket in fire-affected areas of Los Angeles. With the declaration of a state of emergency due to recent wildfires, the law prohibits landlords from price gouging,