Saturday, June 3, 2023

Hollywood stars are selling their homes in fear of a new home

Many Los Angeles mansion owners They are looking for a lost customer. The new tax, called the ULA measure, will force homeowners over $5 million to pay a 4% transfer tax. This percentage will increase to 5.5% if the home value exceeds 10 million dollars. The proceeds will go to public housing, expected to raise up to a billion dollars.

Los Angeles State has the highest need in the United States.

It is a measure that was decided – and was approved with 57% of the votes – in Los Angeles last November. when this taxThe state of California is looking for help reduce the roof and do it well. This city has the highest poverty rate in the United States.

This tax comes into force on April 1, so many owners and real estate agents are running to take off possessions the day before. They try not to lose a million.

Millionaires sell their houses

The type of apartments to sell Before the entry into force of this rate, it provides incredible findings. Agent Tatiana Derovanessia, for example, is offering a free luxury car if she buys a $16.5 million house in Beverly Hills before April 1. Some sellers give bonuses of up to $1 million before the closing rate is imposed.

There were also many owners willing to sell their home for less than what they bought to avoid tax. It so happens that the owner of a luxurious mansion with seven rooms and eleven bathrooms in Los Angeles, who wanted to accept 6 million less than what he gave less than two years ago. It also houses the Kobe Bryant-starred basketball club and bar.

Famous Hollywood stars are also trying to sell their properties in Los Angeles. Mark Wahlberg He put his Beverly Hills mansion up for sale long before the measure was introduced. The sale price was 87.5 million dollars, although he eventually managed to sell it for 79.5 million dollars. actor Jim Carrey The buyer had to find a way to split the asking price in half.

Nation World News Desk
Nation World News Desk
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