✉news BusinessReal Estate first seen 20 h ago, last 1 h ago, peak #5
Critics say LA mansion tax is driving out homes and jobs
Original: LA’s ‘mansion tax’ backfires spectacularly as thousands of homes and jobs vanish
Los Angeles's 'mansion tax', a transfer tax on high-value property sales approved by voters in 2022, is being blamed for a sharp pullback in the luxury housing market. Critics, including the New York Post, say thousands of homes and real-estate jobs have vanished as sellers and developers avoid transactions that would trigger the levy. Supporters argue the tax still funds homelessness programmes and that the market slowdown has other causes.
Why now: Fresh coverage claiming the policy has backfired is reigniting debate over the tax's impact on LA's housing market.
Los Angelesmansion taxNew York Post
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.
Evidence
- 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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