Historically, elections have a tendency to slow business, pointed out Marcy Roth, California managing director for Douglas Elliman’s Eklund Gomes team.
She mentioned a recent buyer on the fence about purchasing in an election year. Roth offered a practical view: “The bottom line is the country will still be here when the election ends.”
So will Measure ULA, which was blocked from having voters decide in November whether to overturn the property transfer tax. Many sellers appear to have accepted ULA, while others still hunt for loopholes to bypass paying it.
Article Link: LA luxury agents reach for optimism in a turbulent market