Beverly Hills Estates co-founder and CEO Rayni Williams was talking about Measure United to House L.A., better known as ULA or the mansion tax, when she paused to check her demeanor. “Sorry if I’m shouting,” Williams said, a bit sheepishly. The tax has weighed on Williams and others in real estate for more than two years. Aimed at raising funds to prevent homelessness and add more affordable housing to the market, critics say it’s done nothing but cast a pall over dealmaking. “ULA is the biggest detriment to the market right now. More than interest rates. More than world […]
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