The Agency CEO Mauricio Umansky explains what the Los Angeles mansion tax will do to the California housing market on ‘The Bottom Line.’
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness
source
Newsom's policies are making the middle class leave California so the tax money for free stuff has to come from somewhere.
Fantastic video😊 regardless of the economic slump, I'm so happy I have been earning $ 40,000 returns from my portfolio income every 13days.
Wtf? Why is it fox turns off comments on all the news that needs to be commented on the most??? Another Trans person attacking a professional swimmer that doesn't think men should compete against women. I personally don't think men should cut off their penises but when your mentally unstable withe counselors and doctors telling you that's the best solution what are ya gonna do??? Wth has this world come to?
That's the tax revenue moving from California and overtaxing the poor.
The reason rich people don't like to pay taxes is because they know that the money will be wasted on nonsense and people that won't even attempt to help themselves.
You rich folks keep voting for newscum, so you get what you vote for. Vote Republican people, be smart…
One party rule in LA thank your local democrat
Thank your local woke democrat socialist party who done dis. Thank your local democrat
What do you expect from a clown that married Harvey Weinstein left overs
Well maybe this tax will force them to vote different since they’ll have to stay put. Not only do they have a mansion tax but the legislatures are toying around with raising the state income tax from 13.3% to 16.8% and a wealth tax of 1% for individuals worth over $50 million. The problem with the wealth tax is that state an determine that the person is worth that even on unrealized income. They can be asset rich and cash poor. So these wealthy influencers, celebrities and businesspeople are gonna have to pay more attention to what is actually inside of the bills they are voting yes on and voting candidates in who can read the room economically. Stop voting for clout and read what’s going on in your city and state. Read the bills the legislation is passing. There’s no reason why they should be going to their wealth managers and real estate brokers surprised about mansion tax that has been proposed since last year. Look how the voters in Los Angeles messed up by not putting in Caruso in as mayor. If Californians were smart they would push Newsom and his colleagues out next election. I hope Caruso will consider running for governor because the state has a small window to change between now and 2030.
Reap what you sew Cali.
California could be a beautiful slum in 50 years.
How inappropriate of the unprofessional interviewer
“And stay content “ the problem with rich people is greed. They’re never content.
Bend over California…….you are getting screwed, AGAIN !!!
Oh the poor rich people in CA. Who cares!!
So, if we have hyperinflation, even a shack will go for millions.
reality
Newsome is ramping up his campaign. I wonder what they will get Biden on to get him off the ticket. Docs, laptop, or will he just drop out or call for his competency???
The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. <But all thanks to Mr Ryan Donald for his amazing skills for helping me to earn 19 Btc through trading chart. I believe we are in the spring phase…
This lady has no clue what created the affordable housing crises and homeless epedemic that affects every sanctuary city and state in our country because illegal aliens are the cause of it "not mental health or drug addiction"!
Real question is, why Californian's keep voting for their leaders that are for this crap ?
Democrats gotta find a way to raise money to educate, healthcare,and feed the millions of illegal aliens in this state!
The rich released all the felons amongt you, they let you pay for the poor, illegal, global rejects and unwilling….don’t be shocked when you become the poor that is the plan…..your next
They can afford it! problem is they wil I move to Florida an vote for the same people that run LA!
This type of tax is the reason people are leaving California.
There's a group of people coming up with never-ending ideas on new Tax ideas.
The average California voter is so Dumbed Down.
Will vote for a tax hike.
Stupid.
Ca just keeps getting nuttier
The hosts are way off on this one, the homeless crisis IS about affordability, not just drug use or mental illness. If someone can't afford to rent or buy a home in California they end up on the street camping somewhere.
No more electronic voting.
Stop the insanity.
Earthquakes, fires, droughts, floods, crime AND HUGE TAXES…..may all the ed wetting liberals move to California to get what they deserve 🎉
California decline is absolutely amazing to watch . Political nonsence stupid woke policy s will lead to more misery and disparity.
Garvin is a total idiot between him and clown s like Pelosi Schiff and seawall have distroyed California. Once a mecca of business and prosperity now a human waste land with no law and no morality. Drugs and human faeces needles and homeless. 😮
Welcome to wokness
Left California in 2011 and am quite happy I left. FK California.
Does Nancy get a cut?
Driving wealth out of California increases poverty in California.
Sale prices will decrease by and because of the "mansion" tax.
New Jersey has a Real Estate Transfer fee AND a "mansion tax" for sales over $1M.
"Escape From L.A." becomes a documentary. 🤔
They are all socialist and Marxist in California
😂F*** LA
Governor Nusance is the gift that keeps on giving. 😂😂😂
California ushered in Socialism. It is quickly turned Communism. Private Ownership is under attack. Obviously.
Well, they figured out how to get past Prop. 13. Also, to apartment dwellers and the homeless, most houses are mansions so this will trickle down to everyone.
Trickle down taxation.
If I owned a mansion & wanted to move, I would just swap with another mansion owner. Pretty sure there are plenty to choose from. Then no one pays the mansion tax.
If they're selling, someone is buying. Washed up celebrities aren't working anymore. Say hello to the next generation of wealth.
Good, suffer well for all the political BS you have shoved on to other states. Enjoy the psychopathic environment you created 🙂