How Los Angeles Mansion Tax Impacts Affordable Housing | Chris Tourtellotte

“You’re going to see housing supply dropped. Investors are no longer looking at the city of LA because it’s too risky. Why would you sell a property, if you would have to give all your profit to the city?” Siyamak sits down with Chris Tourtellotte, managing director of LaTerra, a large real estate development company based in C...