Siyamak sits down with Chris Tourtellotte, Managing Director of LaTerra, a large real estate development company based in California. He‘ll discuss some key challenges facing developers, including the ’Mansion Tax' in Los Angeles, environmental review process, demand for different housing types, and the impact of policies such as rent control.
How LA Mansion Tax Is Impacting 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?”
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