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In 2022, Los Angeles voters approved a new tax on sales of the city’s most expensive properties. Opponents of the levy say it is making L.A.’s housing shortage worse.

TWSJ·May 20 ago·3 min read
Photograph via The Wall Street Journal
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Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes.

Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes.

Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes.

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