Brokers are trying all kinds of gimmicks to beat an April 1 transfer tax on homes above $5 million.
exploiting various loopholes
in the city’s tax code, and cartoon-villain gimmicks like pretending their well-heeled clients are getting a discount.260-acre parcel of land in Bel Air that slashed its price from $125 million to $60 million and then was put up at auction with a $39 million starting bid. The listing notes a “potential $2 million discount if purchaser closes by March 31, 2023.” That price was so low for the area that the city was
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