"It Has Had The Opposite Effect": LA Mansion Tax Kills 9,000 Homes

<p>A study from the RAND Corporation confirms what builders knew from day one: Los Angeles' &quot;mansion tax&quot; — Measure ULA — has done the exact opposite of what voters were promised. Instead of funding affordable housing, the 4%–5.5% transfer tax has eliminated over 9,000 new housing units, wiped out 16,500 construction jobs, and drained $452 million in municipal revenue since April 2023.</p><p>The calculus was never complicated. Tack a 5.5% tax on top of existing fees at the close of a $10 million-plus deal, and developers don't absorb it — they walk. Projects that should have broken ground didn't. Apartment buildings that would have housed real people were never permitted. Nobody is shocked except the people who wrote the law.</p><p>Progressive cities keep reaching for real estate transfer taxes as a shortcut to solving housing shortages. The RAND data is a direct rebuke: punishing the act of building doesn't produce more housing. It produces less — while starving the city of the very revenue it was chasing.</p><p>Subscribe to @reasonablenews and hit the notification bell for daily news that follows the evidence, not the narrative.</p><p>#NFRP #LosAngeles #MansionTax</p><p><strong>GO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS</strong> 🌟<br><a href="https://ReasonableTV.com/">https://ReasonableTV.com/</a></p><p>🛍️ <strong>MERCH</strong> - <a href="https://Store.ReasonableTV.com/">https://Store.ReasonableTV.com/</a></p><p>💬 <strong>JOIN</strong> our <strong>FREE</strong> Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop: <a href="https://discord.com/invite/uJGWFpgDcY">https://discord.com/invite/uJGWFpgDcY</a></p><p>🌐 <strong>NOT</strong> on Discord? <strong>CHAT</strong> with us right on the site — free account, no app needed: <a href="https://ReasonableTV.com/community/">https://ReasonableTV.com/community/</a></p><p>👍🏼 <strong>SMASH</strong> that <strong>LIKE</strong> button &amp; <strong>SUBSCRIBE</strong> for daily videos that dive into the latest news! <a href="https://youtube.com/c/NewsForReasonablePeople">https://youtube.com/c/NewsForReasonablePeople</a></p><p><strong>STAY CONNECTED</strong>:<br>🔗 Rumble - <a href="https://Rumble.com/c/NewsForReasonablePeople">https://Rumble.com/c/NewsForReasonablePeople</a><br>🔗 Facebook - <a href="https://www.Facebook.com/NewsForReasonablePeople">https://www.Facebook.com/NewsForReasonablePeople</a><br>🔗 iTunes - <a href="https://Apple.co/2MkFziJ">https://Apple.