To the editor: Measure ULA, the so-called mansion tax approved in 2022, is hurting everyday renters, construction workers, developers and Realtors in the city of Los Angeles. The Times does a disservice to readers by failing to explain the transfer tax's ripple effect of consequences beyond the "luxury" housing market. ("The year of the 'mansion tax': Hundreds of millions raised, but a chill to L.A.’s luxury market," April 1) Few apartments can be built in Los Angeles for less than $5 million,... Read this story
