Part 1/11:
The Unintended Consequences of Los Angeles' Mansion Tax: A Closer Look
Los Angeles has long been renowned for its luxury real estate, yet recent policy decisions have taken a controversial turn. In 2022, the city enacted the so-called Measure ULA, widely dubbed the "mansion tax," which aimed to target high-value property transactions to fund homelessness and affordable housing initiatives. However, this well-intentioned measure has sparked significant unintended consequences, especially in the city's development landscape.