The year of the ‘mansion tax’: Hundreds of millions raised, but a chill to L.A.’s luxury market

  • 📰 latimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The 'mansion tax' has raised roughly $215 million in its first year. Advocates say the tax helps address L.A.'s housing crisis, but critics claim it has frozen the real estate market.

One year ago, Los Angeles’ “mansion tax” took effect. It has either been a godsend or an absolute disaster, depending on who you ask. The transfer tax, formally known as Measure ULA, levies a 4% charge on all property sales above $5 million and a 5.5% charge on sales above $10 million, with proceeds funding affordable housing and homelessness initiatives. When L.A. voters approved the measure in November 2022, it quickly became the dominating storyline in L.A. real estate.

“This tax has not had the effect that was promised, and it’s time for everyone to put aside their egos and realize this was a mistake,” Oppenheim said. The drop-off comes from a few different factors. Many luxury homeowners moved to sell their properties last spring before the tax took effect, including celebrities such as Mark Wahlberg and Brad Pitt.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 11. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Rod Stewart's Beverly Hills mansion on market for $80 millionRod Stewart raised the asking price of his Beverly Hills mansion to $80 million more than six months after listing the three-acre Los Angeles estate with tennis courts.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »