Measure M, which voters overwhelmingly passed, will raise the Los Angeles (L.A.) County sales tax by half a percent and extend the Measure R half a percent increase. Together they will generate $120 billion in transportation projects over the next 40 years and will continue permanently unless voters act to repeal them.
"The car capital of the world will soon be home to a transit system that is the envy of the world," said Los Angeles Mayor Eric Garcetti
There is no doubt that this authorized injection of massive capital will create real estate booms and hot spots. We know the Five W’s regarding Measure M…who, what, why. Knowing the where gives us the opportunity to invest before it happens. Knowing the when allows us to invest at the right time.
As a professional investor, the more information you know, the more predictable your returns will be. Measure M is a beautiful harmony of planned, predictable, sustainable, recession-proof growth.
Recession-proof is important. Even during a recession people purchase the bare necessities such as water, diapers, etc. Even during a recession, one percent in sales tax (half a percent for Measure M and half a percent for Measure R) on those bare necessities will make its way into the Los Angeles Metropolitan Transportation Authority (Metro) to be spent on only approved transportation projects.
We all know the power and dramatic boost in values near newly constructed freeways and highways. For example, our goal isn’t to just be near the freeways but at the planned exits of those freeways that will serve the fastest growing communities. This is just one of our many no-brainer, life-changing, Measure M strategies.
If you understand that success and speed go hand and hand and you are ready to be a part of the Measure M growth, call my office and ask for me my concierge has been instructed to put all Measure M calls through. You can reach me at (844) RTA-LAND (782-5263).