'Shark Tank' star Barbara Corcoran is not a fan of Los Angeles' new 'mansion tax' which is about to go into effect.
Barbara's prediction is the housing market will slow to a crawl ... with rich people choosing to buy homes in cities and states with friendly tax laws on the books, particularly down south.
The way Barbara sees it ... people, rich or not, hate paying extra taxes for buying or selling a house. She says it makes them feel like the government's taking advantage of them. Remember, the selling point to voters who supported the tax was the money raised would fund affordable housing construction to alleviate L.A.'s unprecedented homeless crisis. Some predictions say the"mansion tax" will bring in $1 billion annually.Barbara actually agrees with the sentiment of the tax -- she says the wealthy have an obligation to help people less fortunate -- but she thinks this tax is the wrong way to do it, because ultimately it will reduce L.A.'s tax base.
La La Land's loss will be a boon for other places in the country -- that exodus had already started, but Barbara says it's gonna get even bigger now ... and she has an idea where wealthy ex-Angelenos will land.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
1,500-pound great white shark spotted off East CoastSpring breakers — beware. The 13-foot shark, nicknamed Breton, has been tracked all along the Eastern Seaboard.
Weiterlesen »
Breton, a 1,500 great white shark, has been located near the coast of North Carolina: reportBreton’s tracker revealed his location to be near the Pamlico Sound on North Carolina’s Outer Banks.
Weiterlesen »
Kendall Jenner lounges in bed in sheer tank dress amid Bad Bunny romance“you forgot your bra at my house,” one fan commented on one of the model’s Instagram posts showcasing the sultry shots.
Weiterlesen »
Kendall Jenner Lounges on a Bed in a Sheer White Tank and No BraQueen of the edited wardrobe.
Weiterlesen »
Colorado boy injured in shark attack while on Spring Break vacation in MexicoA Colorado boy is recovering after a terrifying shark attack while on Spring Break vacation in Mexico. KlopezNews reports on efforts to help pay for the boy's unexpected medical bills.
Weiterlesen »
Sergio Romo Emptied Tank in ‘Storybook Ending' to Iconic Giants CareerSergio Romo gave it everything he had in the final appearance of his MLB career Monday night. He left it all out on the field. Now, it’s time to spend time with his family.
Weiterlesen »