“Why Developers Are QUITTING Los Angeles | Measure ULA Housing Crash”

Developers are pulling out of Los Angeles. Apartment permits have collapsed — from 7,600 units in 2023 to just 3,700 in 2025. Costs are up, interest rates are rising, and Measure ULA’s “mansion tax” is driving builders out of LA and into San Diego, Orange County, and even out of state.
👉 Watch until the end to see why this matters for renters, homeowners, and investors.
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