Ep. 110: The Measure ULA Episode with Jason Ward and Mott Smith (Incentives Series pt. 10)

We're joined by our co-authors to discuss a few Lewis Center studies on Measure ULA, a transfer tax in the city of Los Angeles, that made a big splash. This is part 10 of our series on misaligned incentives in housing policy. Show notes: • Manville, M., & Smith, M. (2025). The Unintended Consequences of Measure ULA. (https://www.lewis.ucla.edu/research/t...) UCLA Lewis Center for Regional Policy Studies. • Ward, J., & Phillips, S. (2025). Taxing Tomorrow: Measure ULA's Impact on Multifamily Housing Production and Potential Reforms. (https://www.lewis.ucla.edu/research/t...) RAND Corporation and UCLA Lewis Center for Regional Policy Studies. • Green, D., Jambulapati, V., Liebersohn, J., & Velayudhan, T. (2025). Fiscal Externalities of Transaction Taxes: Evidence from the Los Angeles Mansion Tax. (https://papers.ssrn.com/sol3/papers.c...) Available at SSRN 5273034. • Manville, M., Smith, M., & Phillips, S. (2025). The Consequences of Measure ULA: Some Clarifications. (https://www.lewis.ucla.edu/research/t...) UCLA Lewis Center for Regional Policy Studies. • Shane’s blog post about the BAE report on the impact of a 15-year waiver on the ULA tax for new multifamily and commercial development. (https://www.betterinstitutions.com/bl...)