✉news BusinessReal Estate first seen 1 d ago, last 1 h ago, peak #5
LA mansion tax blamed as homes and jobs vanish
Original: LA’s ‘mansion tax’ backfires spectacularly as thousands of homes and jobs vanish
Los Angeles' so-called mansion tax, a levy on high-end property sales meant to fund homeless services, is being blamed for driving luxury home sales, development and real estate jobs out of the city. Critics say thousands of transactions and jobs have disappeared since it took effect, arguing the measure has shrunk the tax base it was meant to expand. Supporters maintain the revenue remains vital for housing programs.
Why now: Debate over the tax's economic impact continues as critics cite job and housing market losses in LA.
Los Angelesmansion tax (ULA)New York Post
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- LA’s ‘mansion tax’ backfires spectacularly as thousands of homes and jobs vanish · New York Post
- LA’s ‘mansion tax’ backfires spectacularly as thousands of homes and jobs vanish · New York Post
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