[NoLibZone]

The reason fewer apartments and multifamily housing, will be built in California: the mansion tax!

[Ronaldus Magnus III]

Also, every new home in Kalifornia MUST have solar energy rooftop systems. These mandated systems are not part of the mortgage. No doubt Newsom’s “friends” in the solar industry have shelled out their 10%.

[dragnet2]

Though it’s known as the “mansion tax,” except for rare exceptions it applies to all properties sold for more than $5 million, no matter if they are gas stations, strip malls, apartment buildings or actual mansions. Under the measure, a seller is charged 4% of the sales price for properties sold above $5 million and below $10 million.

The corrupt state government pulls this stuff right out of their lazy azzes...

[dragnet2]

Under the measure, a seller is charged 4% of the sales price for properties sold above $5 million and below $10 million.

I have a friend who wants out of the state bad, and wants to off load a small apartment building in S.CA. He told me he's been holding off because he'll get economically gang raped if he sells it, so he's looking at alternatives...but in the long run he's still expecting to take a big hit when he sells it due to all the taxes, RE commissions and all the other BS charge$ that comes along with the sale.

[norcal joe]

Why did you leave out a critical piece of information in your posting - that the “Mansion Tax” only applies to real estate sales in Los Angeles?