DTPA & natural disasters
17.46(b)(27) bars price gouging in the wage of a natural disaster.
(27) taking advantage of a disaster declared by the governor under Chapter 418, Government Code, by:
(A) selling or leasing fuel, food, medicine, or another necessity at an exorbitant or excessive price; or
(B) demanding an exorbitant or excessive price in connection with the sale or lease of fuel, food, medicine, or another necessity.
The Texas Attorney General issued a press release, warning businesses against price-gouging in the aftemath of hurricane Katrina.
posted by Robert Rice @ 9:55 PM
1 comments
1 Comments:
So far, there have been rental "housing" discounts in Houston, due to the overbuilding of apartments and the high vacancy rates, plus the realization that evacuees cannot pay full price for rent. Also, property owners are hoping that many evacuees will stay as long-term residents. Therefore, the housing price discounts in filling up vacant units is the current discounted market price, which is likely to increase to the previous rental price range in the future.
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