Breitbart- New apartment construction in Los Angeles has all but shut down, thanks in part to Measure ULA, the so-called “mansion tax” that applies to all buildings, including apartments, that sell for $5.3 million or more.
Voters in Los Angeles passed Measure ULA in 2022, and were told that taxing the sales of “mansions” would fund the construction of low-income housing. But the tax took only a third of anticipated revenue, as sellers — responsible for paying the tax — took homes and other buildings off the market. One realtor said Measure ULA had lowered luxury home sales in L.A. by 40%. Commercial real estate deals fell by a similar amount.
Worse yet, Measure ULA has slowed the rebuilding effort after the Palisades Fire, because it discouarages sales of real estate, as well as investment in new high-end projects.
Now, the Los Angeles Times reports, Measure ULA is being blamed for a slowdown in apartment building: more
That’s what happens when you eat your own tail.
Tax the rich! C’mon, man!
If you can afford to live in LA, you’re rich!
If you can afford to build something in LA, you’re rich!
If you can afford to stay in LA, you’re an idiot.
^ Assuming you’re staying in LA. 🤣
Oh the commies gotta learn commie style. When you’re down to eating your dog or cat, or rats, give a… no, never mind, just STFU, then ESAD. Mmm-Kay?
How many times has this scenario played out over the last several centuries, yet people refuse to learn? Perhaps they just can’t learn.
An absolute moron is the mayor of LA (Karen Bass). An absolute moron is governor of CA (Newsom). What’s the surprise when their outcomes are moronic?
Remember when private property existed in California?
to Anonymous at 12:40,
Those who voted for the Mayor and Governor are the equally moronic people, and because they too are morons, they are surprised.
I have come to believe they will never learn because they are just morons.
I’ve read there’s only been two permits granted for fire victims. I’ve also read the Feds are suing L.A. county for slow walking carry permits.
“Perhaps they just can’t learn.” -Odin 2013
And just perhaps, they never learned the difference between WHAT to think, and, HOW to think.
Reality: 1
Communism: 0
The running dogs of the capitalist imperialist wreckers sabotaged the housing market.
@Pepperidge Farm Remembers Thursday, 2 October 2025, 12:43 at 12:43 pm
> Remember when private property existed in California?
Never. Not since there has been a California. It ended with Spain. Not Mexico, Spain.