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Freeze in L.A. luxury market puts 'mansion tax' funds in limbo - Vimarsana News

Freeze in L.A. luxury market puts 'mansion tax' funds in limbo

After a white-hot March, L.A.'s luxury real estate market ground to a halt in April when Measure ULA kicked in, leaving the city with less money than originally projected.

LA's luxury real estate market freezes, putting 'mansion tax' funds in limbo - Vimarsana News

LA's luxury real estate market freezes, putting 'mansion tax' funds in limbo

In the days before Los Angeles' "mansion tax" took effect, the luxury market moved at hyperspeed. Prices were slashed, escrows were rushed and million-dollar deals were closed as panicked sellers