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flag Los Angeles keeps its "mansion" tax, which may be reducing home sales and worsening the housing shortage.

flag Los Angeles continues to uphold its "mansion" tax, a policy that imposes higher property taxes on high-value homes, despite growing concerns that it is discouraging home sales and reducing the housing supply. flag Critics argue the tax deters owners from selling or upgrading homes, contributing to a shortage of available housing. flag The city maintains the tax is essential for funding public services, but data suggests it may be exacerbating the region’s housing crisis by limiting market activity.

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