California attorney general says bidding wars aren’t exempt from price-gouging rules

California Atty. Gen. Rob Bonta on Saturday warned landlords that price-gouging rules in effect because of the Los Angeles County fires apply even in cases where bidding wars break out over their property.

Under those rules, which kicked in when the governor declared a state of emergency, local landlords generally can’t charge more than 10% above what they were charging or advertising before the crisis.

Many landlords have tried to charge above those levels anyway, posting listings online that sometimes shows increases greater than 50% or even 100%…

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