L.A.’s Mansion Tax Cost City 9,000 New Homes as Builders Pulled Back, Study Finds

L.A.’s Mansion Tax Cost City 9,000 New Homes as Builders Pulled Back, Study Finds Pitched to voters as a tax on the wealthy to fund much-needed affordable housing, Los Angeles’ controversial “mansion tax” has instead cost the city over 9,000 new housing units, 16,500 construction jobs, and $452 million in lost municipal revenue. That is
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