Posts Tagged ‘hit’
Study Estimates $177 Million Hit to Mansion Tax
A proposed ballot measure to create aggressive carveouts to the city’s Measure United to House L.A. tax is going through the ringer — following the release of a study which estimated changes to the tax could cut its revenue by 35 percent, o...
Would Lotto Winner Edwin Castro Get Hit With California Billionaire Tax?
California resident Edwin Castro is the biggest lottery winner of all time, after hitting a $2.04 billion Powerball jackpot in 2022. But would he be liable under a proposed California law to tax the wealth of billionaires?The answer, it turns o...
Withdrawals From the Bank of Mom and Dad Hit Record Highs as Gen Z Battles 2026 Home Prices
The dream of homeownership has been difficult for many Americans lately, as a combination of high interest and mortgage rates, inflation, and high home prices has made this journey challenging. For younger Americans, it’s even more difficul...
‘For Sale by Owner’ Transactions Hit an All-Time Low, Report Finds
The days of trying to sell a home without an agent are dwindling, with for sale by owner transactions at an all-time low. Known as FSBO, those sales now comprise just 5% of home sales, according to the National Association of Realtors 20...
Homeownership Costs, Drop in Home Value Hit Black Households Hardest
Minority households are more likely to be cost-burdened, spending more than 30% of their income on mortgage, property taxes, and insurance. ...
