Trump, Los Angeles
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A sprawling Los Angeles estate built for late TV producer Aaron Spelling sold for $110 million and was the second-most expensive home sale in the U.S. last year, according to Redfin. But it wasn’t the only Southern California property that sold for the same dizzying figure.
A Los Angeles councilmember is seeking to reform the Measure ULA tax, arguing that it has worsened the city's housing crisis.
Investors own 213,153 single-family houses in Los Angeles County – or 15% of the market. That’s a highlight of my trusty spreadsheet’s review of first-quarter investor stats from BatchData, which studied ownership of 1.43 million houses countywide.
Los Angeles tenants facing mold issues may have legal protections under California habitability laws and local housing