L.A. agents hope defeat of the state’s billionaire tax will thaw a high-end residential market that’s been on pause — and clients are already giving them the go-ahead on dealmaking. Voters rejected Proposition 40, which would have applied a one-time, 5 percent tax on the assets of individuals with a net worth of $1 billion or more. The Associated Press called the race Monday evening, with the final results showing the prop losing 52.8 percent to 47.2 percent. “I’m thrilled,” Christie’s International Real Estate Southern California founder and CEO Aaron Kirman said. “The tax would have been devastating for the […]
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