In 2022, the Los Angeles electorate voted to slap the sale of mansions and other high-value real estate deals across the city with a hefty tax.
Locals have been debating Measure ULA ever since. Supporters call it a vital lifeline for the city’s unhoused and housing insecure who stand to benefit from the hundreds of millions of dollars the initiative has already raked in. Critics call it an economic own-goal that has choked off new apartment construction in a city where new housing is in excruciatingly short supply.
That debate is about to go statewide…