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How do steep transfer taxes like L.A.'s Measure ULA and Santa Monica's Measure GS kill permitting? Look at Santa Monica. 2023: 593 units permitted 2024: 30 units permitted (95% drop) Poorly designed transfer taxes kill housing.

2:00 PM · Apr 23, 2025

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David Watson 🥑

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Sources: data.santamonica.gov/dataset/acti... santamonica.gov/topic-explai... data.ca.gov/dataset/hous...

I’m interested if you have some comparison California cities for this. Mountain View passed a transfer tax in 2024, and I’d like to be sure about causation and impact.