Tag Archives: ULA Tax

Ariana Grande sells Hollywood Hills pad to Bad Bunny at a loss

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The pop star sold the secluded home to Bad Bunny in an off-market deal for $8.3 million, well below the $8.9 million she paid for it in 2021. Continue reading →

Can an LA condo set a $50M record? Agents say, why not?

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LA’s luxury condo market has never seen a sales price above $35 million. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time. Continue reading →

What other cities can learn from LA’s rocky ‘mansion tax’ rollout

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LA’s new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests. Continue reading →

On the ground in LA: How a divisive ‘mansion tax’ altered real estate

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The president of Nourmand & Associates briefed Intel on how a new L.A. tax on high-priced properties has jolted the local real estate industry. Continue reading →

LA City Council approves $150M in ‘mansion tax’ allocations

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Funds will go to short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and individuals with disabilities, tenant protections and affordable housing development, according … Continue reading →

‘Fight it tooth and nail,’ LA agents warn as Chicago mulls mansion tax

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As Chicago Mayor Brandon Johnson narrows in on a 2.65 percent tax on purchases of properties over $1 million, luxury agents in Los Angeles offered their advice to concerned Windy City agents. Continue reading →

California’s loathed ‘Mansion Tax’ falls flat in first full month in effect

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Implemented in April on properties over $5 million, the ULA Tax was intended to bring in an average of $56 million in revenue per month to the city of L.A. During its first month, it brought in just $3.6 million. Continue reading →

Anthony Marguleas: LA ‘Mansion Tax’ is ‘devastating’ the market

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Inman recently caught up with Marguleas to discuss his company’s new venture in Dallas, the effects of the LA ‘Mansion Tax’ and what he’s looking forward to at this year’s ICLV event. Continue reading →