This analysis makes a good case that L.A.'s so-called "Mansion" Tax - which is also levied on the sale of new multifamily housing - kills more than twice the number of rent restricted units as the revenue it generates can support.
Reposted from
Shane Phillips
Today the @uclalewiscenter.bsky.social published our analysis on Measure ULA's effect on multifamily housing production in Los Angeles — a report that has been more than a year in the making for me and my coauthor Jason Ward at RAND. A thread on our findings below. www.lewis.ucla.edu/research/tax...
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