UCLA report claims the 'mansion tax' stifles commercial development in L.A.Measure ULA may be harming L.A.'s real estate market by negatively affecting commercial property sales and revenue for affordable housing initiatives.
Contributor: L.A.'s 'mansion tax' needs a remodel. Here's how to fix itMeasure ULA, despite its nickname, imposes a significant tax burden on a variety of properties and requires reform to address its issues.
Measure ULA suppresses sales, costs LA $25M in tax revenueMeasure ULA significantly impacted LA's real estate market, slowing investment sales by nearly half.
Ballot Measure to Overturn ULA Struck Down by CourtCalifornia Supreme Court blocked a measure overturning Los Angeles' tiered transfer taxes, affecting Measure ULA and multiple other initiatives in the state.
LA's top resi brokers continue to closeDespite challenges, top brokers in Los Angeles are thriving, especially in Beverly Hills and Malibu luxury markets.
UCLA report claims the 'mansion tax' stifles commercial development in L.A.Measure ULA may be harming L.A.'s real estate market by negatively affecting commercial property sales and revenue for affordable housing initiatives.
Contributor: L.A.'s 'mansion tax' needs a remodel. Here's how to fix itMeasure ULA, despite its nickname, imposes a significant tax burden on a variety of properties and requires reform to address its issues.
Measure ULA suppresses sales, costs LA $25M in tax revenueMeasure ULA significantly impacted LA's real estate market, slowing investment sales by nearly half.
Ballot Measure to Overturn ULA Struck Down by CourtCalifornia Supreme Court blocked a measure overturning Los Angeles' tiered transfer taxes, affecting Measure ULA and multiple other initiatives in the state.
LA's top resi brokers continue to closeDespite challenges, top brokers in Los Angeles are thriving, especially in Beverly Hills and Malibu luxury markets.
LA's mansion tax comes to collect from nonprofit home buildersThe mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.
Measure ULA under scrutiny as Bass considers temporary pauseMayor Bass is considering changes to Measure ULA to facilitate rebuilding after the Pacific Palisades fire.
Jim Carrey is the latest victim of California's housing freeze - LA mansion price drops by $7MJim Carrey slashed the price of his Los Angeles mansion from $28.9 million to $21.9 million due to California's controversial mansion tax.
Spanish Colonial compound tops list of LA County homes under contractDespite the ULA tax, luxury home sales in Los Angeles remain strong, especially in areas like Beverly Hills that are unaffected by the tax.
Residential deals drive Measure ULA revenues, report findsMeasure ULA predominantly generates revenue from high-value residential sales, supporting housing initiatives in Los Angeles.
LA considers pouring $100M from mansion tax into social housingLos Angeles is considering funding social housing programs to help tenants collectively buy and manage apartment buildings, fostering home ownership and community governance.
LA's mansion tax comes to collect from nonprofit home buildersThe mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.
Measure ULA under scrutiny as Bass considers temporary pauseMayor Bass is considering changes to Measure ULA to facilitate rebuilding after the Pacific Palisades fire.
Jim Carrey is the latest victim of California's housing freeze - LA mansion price drops by $7MJim Carrey slashed the price of his Los Angeles mansion from $28.9 million to $21.9 million due to California's controversial mansion tax.
Spanish Colonial compound tops list of LA County homes under contractDespite the ULA tax, luxury home sales in Los Angeles remain strong, especially in areas like Beverly Hills that are unaffected by the tax.
Residential deals drive Measure ULA revenues, report findsMeasure ULA predominantly generates revenue from high-value residential sales, supporting housing initiatives in Los Angeles.
LA considers pouring $100M from mansion tax into social housingLos Angeles is considering funding social housing programs to help tenants collectively buy and manage apartment buildings, fostering home ownership and community governance.
L.A. City Council approves 'mansion tax' spending plan and program guidelinesLos Angeles City Council approved guidelines for allocating Measure ULA tax funds, focusing on affordable housing and tenant support.
Westside houses account for nearly half of LA's mansion tax salesMeasure ULA has fallen significantly short of its revenue projections, raising under half of the anticipated funds.The tax disproportionately impacts affluent West L.A. neighborhoods, where the majority of sales occur.
California Supreme Court to Rule on Anti-ULA Ballot MeasureThe California Supreme Court is set to discuss the constitutionality of Measure ULA, a mansion tax initiative in Los Angeles.