08:00 Primary Image Primary Image Caption Developer Yoni Chriqui said L.A.'s "mansion tax," which puts a 4% or 5.5% tax on L.A. property sales over $5.4 million, had led many developers to build smaller projects to avoid the extra tax.
08:00 Primary Image Primary Image Caption Developer Yoni Chriqui said L.A.'s "mansion tax," which puts a 4% or 5.5% tax on L.A.
property sales over $5.4 million, had led many developers to build smaller projects to avoid the extra tax.
Los Angeles has seemingly "infinite demand" for housing, but housing development has slowed to a crawl, Jack Flemming writes for the LA Times.
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08:00 Primary Image Primary Image Caption Developer Yoni Chriqui said L.A.'s "mansion tax," which puts a 4% or 5.5% tax on L.A. property sales over $5.4 million, had led many developers to build smaller projects to avoid the extra tax. Los Angeles has seemingly "infinite demand" for housing, but housing development has slowed to a crawl, Jack Flemming writes for the LA Times.
The housing developers the LA Times spoke with sa...
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