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Los Angeles keeps its "mansion" tax, which may be reducing home sales and worsening the housing shortage.
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.
Critics argue the tax deters owners from selling or upgrading homes, contributing to a shortage of available housing.
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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Los Ángeles mantiene su impuesto a la "mansión", que puede estar reduciendo las ventas de viviendas y empeorando la escasez de viviendas.