This Week’s Topic: L.A. Mansion Tax Approved
L.A. City Council approved $150 million in mansion tax spending. The controversial tax places a heavy burden on mansion sales to fund rental assistance, eviction defense, tenant outreach and education, cash assistance to low-income seniors and people with disabilities, tenant protections and affordable housing production. The tax is being fought and may be overturned. Results so far? Mixed. The projected $900 million per year tax raise was reduced to $672 million and total funds raised to date are $55 million since April.
Last Week’s Topic: Bad Neighbors
Bad neighbors are everywhere, but we have an extreme story this week. The maze and bureaucracy of getting this bad behavior solved has been frustrating. Dialing L.A.'s 311 was only the beginning of a long road. Joe and Darren share their experience.
More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate
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