Possible scenario
Targeted ULA Reform
38% Chance
The most likely response is a political compromise rather than a full repeal. Mayor Karen Bass, the Los Angeles City Council, and housing-production advocates have incentives to preserve homelessness revenue while reducing the tax's drag on multifamily and mixed-use projects.
Secondary impacts
- Finance +0.3%
- Industrials +0.1%
- Non-Energy Materials +0.1%
Tickers
- COMP.EQ+1.3%
- VMRK+0.8%
- CBRE+0.7%
- +0.2%
Portfolio impact
S&P 500+0.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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