Measure ULA tax forces homeowners to think twice about selling
There was no shortage of news from the SoCal residential market this week as agents jumped ships, celebrity homes hit the market and brokers grappled with impacts of Measure ULA. Three years since its implementation and Measure ULA — the 4 to 5.5 percent transfer tax on all property sales in the City of Los Angeles above $5.4 million — is still top of mind for luxury homeowners, brokers and contractors alike. Oren Levy — founder of Gesh Group, a luxury homebuilder that also remodels existing single-family assets, said homeowners’ hesitancy to sell to avoid paying the tax has completely […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
How to Make a Small Kitchen Feel Bigger, According to Interior Designers
Public Art Company gives its LA studio a "muppets on acid" interior
A Designer Couple Creates a New York City Apartment Where Their Guests Can Stay For Months
Eight unique patios that beckon to the outdoors
Athens apartment features "fluid layout" that adapts to houseguests
NFL Star Myles Garrett Is Asking $2.1 Million for His Ohio Home
See Inside Joni Mitchell’s Former Malibu Beach House, Now Listed for $27 Million
Unfold Projects returns mid-century California residence to a "light-filled, organic oasis"
Rexford jacks sell-off target up to $2B
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA