'Selling Sunset' agents are freaking out about LA's new mansion tax -- but it's not just millionaires who should be worried

Contributing sentiments towards policy:

47% : If the city finds that the mansion tax does disincentivize development and reduces the supply of affordable and market-rate housing, the city council could revise the law.
42% : LA's new tax was designed to raise dedicated revenue for affordable housing and homelessness prevention, but some advocates might agree with the "Selling Sunset" agents that the law is flawed -- just not for all the same reasons.
42% : Phillips argued that if the law is tweaked to exempt first-time sales, the mansion tax "will unquestionably do more good than harm.""Every tax has negative consequences," Phillips said.
38% : The court rulings will likely be appealed, and critics of the law are planning other ways to undermine it.

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