“The primary distinction that the majority of viewers will notice is simply that we don’t live in a wild market where everything is selling at that rate. That, in my opinion, will be the most noticeable change in season 15, Josh said to News.
transactions of real estate above $5 million are subject to a 4% fee under the proposal, and transactions exceeding $10 million are subject to a 5.5% penalty. The tax’s proceeds would support housing and homelessness initiatives in it.
That’s significant, Josh remarked. And believe me, it has a major trickle-down effect. Not only wealthy individuals must cope with it. It will have an impact on everything. The bottom line will be impacted by developments, flips, and investments. And that will eventually catch on with those who work on houses.
They will be impacted since there may be less money available for payments. Those who have saved money their entire lives and are preparing to sell their home and retire soon may not be able to,” he stated. Thus, I’ve always thought that was a really bad idea to do that. I strongly disagree with that ULA measure. I believe that the Los Angeles real estate industry hurts itself.
