Mansion Tax destroyed Real Estate Sales Volume and Keith Fromm's lawsuit to Defeat bad policy in LA

#FIGHTULA https://www.fightula.com #reversevalidation #homelessness

Measure ULA aka Mansion Tax increases real estate transfer taxes in the City of Los Angeles, which are levied when a property is sold regardless if the property owner nets or loses on the sale. The city of Los Angeles taxes all real estate transactions at 0.45% but with this new additional transfer tax also known as measure ula or homelessness and housing solutions tax. Taxes transactions between $5.15M to $10.3M at 4% of the sale price, and Those valued at $10.3M and above at 5.5% of the sale price.

The tax rate for sales under $5.15M will remain unchanged, for now. Keith Fromm is an attorney and real estate developer in Los Angeles who is doing his best to defeat Measure ULA and to go on ballot for a vote. Newcastle Courtyards. Reach out to Keith at: https://www.fightula.com

What is measure ULA and why do you believe it is a harmful policy to Los Angeles County? Why did this pass and how? Why does the opposition (for measure ULA) want this? Are they being honest or is there something more? It seems this type of policy starts some place then spills over. Will this expand throughout CA? Where are you at with the lawsuit?

Source used in certain segments - https://lawforbusiness.usc.edu/assess... https://www.latimes.com/california/st... https://www.latimes.com/california/st...

*note: current events, data and information are based on the recording date of November 2024

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