Episode Details

A recent article from the Los Angeles Area Chamber of Commerce reports a staggering number of California businesses are leaving California!  What does this mean for the housing market, and how are average homeowners affected?

Also in this episode, we discuss Measure ULA, popularly called the "Mansion Tax."  This measure creates a new tax on local Los Angeles real estate, with an additional 4% for sales between $5M and $10M, and 5.5% on real estate sales over $10M.  This will have a significant impact felt far beyond those of "millionaire" status.

Also, a Domino's Executive puts his Bel-Air home on the market for $29.95M!  How will this "mansion tax" affect his sale?

Link to LA Chamber article: https://lachamber.com/news/2023/06/05/press-release/a-recently-released-report-finds-that-businesses-continue-to-relocate-to-more-business-friendly-states-but-offers-recommendations-to-help-california-stem-the-tide/2/

Link to Wall Street Journal article on Domino's Executive's home for sale: https://www.wsj.com/articles/a-dominos-executive-puts-bel-air-home-on-the-market-for-29-95-million-2912d204?reflink=integratedwebview_share

Bald Brothers Team are:

Aaron Zapata, DRE 01356534
Todd Anderson, DRE 02077325
IMPACT Properties, Inc., DRE 01922671

www.baldbrothersteam.com
www.baldbrothers.tv
833-305-BALD

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