““The Howard Jarvis Taxpayers Association and the Apartment Association of Greater Los Angeles recently filed suit to invalidate Measure ULA. The plaintiffs argue that because funds raised by Measure ULA are specifically dedicated to housing and homelessness initiatives, the measure qualifies as a ‘special tax…’
…The new lawsuit raises questions regarding whether the City will be able to implement the new transfer taxes by April as planned, or whether the taxes will be upheld at all. But even if the new taxes are upheld, they could be short-lived. A proposed state ballot initiative backed by Kilroy Realty seeks to impose a requirement that any local tax increases proposed by ballot initiative receive the approval of two-thirds of voters rather than a simple majority. The proposed state measure would apply retroactively to taxes imposed between January 2022 and November 2024—and would, therefore, invalidate Measure ULA, which failed to reach the two-thirds threshold.””
The Latest Market Reports: February 21, 2023
Links Worth A Look: February 21, 2023
The Latest Market Reports: February 7, 2023
South Bay / Westside Market Inventory Report | February 1, 2023
What’s Included:
Learn which areas are a seller’s market versus a healthy market or a buyer’s market and see specifics on the number of active and pending listings in those areas.
Find out whether South Bay is a buyer’s or seller’s market right now and how the current number of active & pending listings compare to last year.
See similar metrics for South Bay, El Segundo, Manhattan Beach Sand, Tree, & Hill sections, East Manhattan Beach, Hermosa Beach Sand, Valley, & East, North & South Redondo Beach, South Redondo Beach West of PCH, Hollywood Riviera, Walteria, Central, South, West, North, & Old/SE Torrance, Palos Verdes Estates, Rolling Hills “The Gates”, Rancho Palos Verdes, San Pedro, Playa Vista, Westchester, Playa del Rey, Culver City, Inglewood, Holly Glen/Del Aire, and Hawthorne.
