Impact of 'Mansion Tax' on Luxury Home Sales in Los Angeles

Luxury home sales in Los Angeles have been significantly impacted by the 'mansion tax' implemented in April 2023, leading to a drop in sales by 68% and only achieving 22% of its revenue goal. The policy aims to fund programs for the homeless but has faced criticism from developers and homeowners.

Gang Activity Targeting Luxury Homes in Southern California

The Los Angeles Police Department has formed a task force to counter a rise in gangs from Latin America targeting luxury homes in Southern California. Most participants are from Chile, but law enforcement has seen nationals from Peru, Ecuador, and Colombia. They exploit a 2014 visa waiver to enter the US and disable home security systems with jamming devices.