New Measure ULA data drop!
Just got all LA County transactions above $1 million, back to 1/1/2020 -- about 160,000 data points.
It lets us compare what happened in LA under Measure ULA to Culver City under its Measure RE transfer tax.
The difference is staggering.
Just got all LA County transactions above $1 million, back to 1/1/2020 -- about 160,000 data points.
It lets us compare what happened in LA under Measure ULA to Culver City under its Measure RE transfer tax.
The difference is staggering.
Comments
If Prop 13 gives owners an incentive not to sell, Measure ULA has almost made it a requirement.
It's also created an unfortunate penalty for investing in development or other improvements.
Any analysis, or your own thoughts, on comparison with San Francisco's transfer tax, which has been tweaked over the years -- increased by voters in 2020, then partly waived to encourage res conversion in 2024 (I think?).
How do we know it's b/c of ULA? By looking at properties NOT subject to ULA (<$5mm or outside city of LA). Those sales have gone up.