Voters thought Los Angeles’ mansion tax would target luxury home sales to help fund solutions for homelessness. In practice, it’s affecting a much wider range of properties, including apartment buildings and commercial spaces. Developer and urban policy educator Mott Smith explains how this is changing the real estate landscape in LA and what adjustments could help restore balance while still supporting public goals.

Views expressed in this video are the opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.