Millionaire home sellers are slashing prices and sweetening deals this week in Los Angeles, eager to move their properties off the market before a new real estate tax aimed squarely at the rich goes into effect on April 1.

Do you really want to live in L.A. ?

Millionaire home sellers are slashing prices and sweetening deals this week in Los Angeles, eager to move their properties off the market before a new real estate tax aimed squarely at the rich goes into effect on April 1. https://t.co/OVf0907ira

— The New York Times (@nytimes) March 24, 2023