Josh Flagg, Josh Altman and Tracy Tutor explain the Los Angeles wildlife ordinance

Property for sale for one million dollars in Los Angeles has taught us a lot on the California real estate market for the past 15 seasons, and because the market is always changing, there’s always more to discover.

During Season 15, Episode 8 of the series, Josh Altman gave us more wisdom… and Heather Dubrow! After Josh showed her a potential new home in Beverly Hills, The Real Housewives of Orange County A cast member made a comment about how we won’t see as many large properties in the area anymore thanks to the new wildlife ordinances.

“Unfortunately, that’s very true,” Josh said.

She and the real estate professional concluded that this was just another reason to buy this house (and get the building permits) while they still could.

In a confessional, Josh Altman, Josh Flagg and Tracy Tutor delved into the topic and why it represents a challenge for their profession.

Josh Altman, Josh Flagg and Tracy Tutor explain the wildlife ordinance in Los Angeles

“So here’s what’s happening. There’s a new ordinance in Los Angeles called a wildlife ordinance. It doesn’t go into effect for another six months or so. It’s to preserve wildlife,” Josh Altman said. “What it means is that you’re really only allowed to build half of what you used to build before. So mansions, in general, are now going to disappear.”

This, of course, poses another challenge to an already complicated market.

“We already had this tight market in Los Angeles: student loans, interest rates. Now we’re limited in what we can build on these properties to save some damn cougars,” added Josh Flagg.

According to Tracy, the new rule “will further limit developers in what they can build.”

“It will eliminate basements and limit the number of properties that can be built on a large lot,” he said.

MDLLA agents explain Los Angeles’ “mansion tax”

As mentioned above, the new ordinance is not the only thing affecting officers’ ability to do their jobs.

In the season 15 premiere, Tracy and Josh Altman explained Measure ULA, a transfer tax also known as the “mansion tax.”

“The citizens of Los Angeles voted to put a four percent tax on sales over $5 million,” Tracy said in an interview, to which Altman added: “If you have a home that’s $10 (million) or more, you pay five and a half percent when you sell the home.”

In summary, Tracy stated, “Salespeople don’t want to sell, so it ruins our lives.”

Josh Altman represented Heather Dubrow in the purchase of her new home

As we know from the MDLLA Episode and season 18 of RHOC Heather did indeed take over the 8.3 acre property and is in the midst of renovations (they must have gotten those permits).

“I’m always looking for a new project,” he said during the RHOC Season 18 Premiere: “After we sold our house in Crystal Cove, we bought this house in Beverly Hills. They wanted $40,000 and we got it for $16 million.”

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