Measure ULA suppresses sales, costs LA $25M in tax revenue

The academic reckoning has begun for Measure ULA. It turns out, the pace of investment sales in Los Angeles slowed by roughly half when the city’s so-called “Mansion Tax” went into effect in 2023, according to an analysis published this week of some 338,000 transactions across the county over the past five years by University […]This article originally appeared on The Real Deal. Click here to read the full story.