connectareasblogsfaqour story
latestlibrarydiscussionsmain

“This is not going to be politically correct.” – LA Real Estate Mogul Speaks Out

May 27, 2026 - 10:42

“This is not going to be politically correct.” – LA Real Estate Mogul Speaks Out

May 26, 2026 - Luxury real estate mogul and reality television star Mauricio Umansky did not hold back during a recent interview, warning that Los Angeles is in serious trouble. Speaking with commentator Tomi Lahren, Umansky addressed the escalating crime in Beverly Hills, the state's worsening housing crisis, and the steady exodus of Hollywood productions from the city.

Umansky, known for his work on "Buying Beverly Hills" and as the founder of The Agency, said the city needs common-sense leadership rather than ideological posturing. He pointed to empty storefronts on Rodeo Drive and rising theft as signs that the local government has lost control. "This is not going to be politically correct," he stated, arguing that residents and business owners are tired of policies that prioritize optics over public safety.

The housing market, he added, remains a nightmare for middle-class families. Strict zoning laws and high construction costs have made it nearly impossible for young professionals to buy homes. Meanwhile, wealthy buyers are still willing to pay top dollar, but many are now looking at Miami, Austin, or Nashville instead.

Umansky also noted that the entertainment industry is pulling out of Los Angeles at an alarming rate. Production companies are moving to states with better tax incentives and fewer regulations. He warned that if the city does not change course, it will lose its status as a global cultural capital. "We need leaders who actually live here and feel the pain," he said.


MORE NEWS

Why experts say proposed capital gains tax changes could reshape real estate market

August 25, 2026 - 10:41

Why experts say proposed capital gains tax changes could reshape real estate market

Financial analyst Paul Hood appeared on News on 6 at 4 p.m. to break down how proposed changes to capital gains taxes might push more homeowners to list their properties and get the real estate...

Top Real Estate Agent in Oakland Township, MI: Ben Lang

August 24, 2026 - 18:41

Top Real Estate Agent in Oakland Township, MI: Ben Lang

Ben Lang has built a reputation as the leading real estate agent in Oakland Township, Michigan, by combining local market knowledge with a strict data-driven pricing model. For sellers across Metro...

Top 6 most expensive properties sold in Healdsburg, reported last week

August 24, 2026 - 02:27

Top 6 most expensive properties sold in Healdsburg, reported last week

A single-family residence that changed hands for $2.87 million topped the list of the most expensive residential real estate transactions in Healdsburg during the two-week period ending Aug. 16....

Top 10 Brooklyn Real Estate Listings: A Ditmas Park Co-op

August 23, 2026 - 19:09

Top 10 Brooklyn Real Estate Listings: A Ditmas Park Co-op

This week`s most viewed Brooklyn real estate listings on Brownstoner show a wide range of styles and price points, from a cozy Bed Stuy rental to a grand Park Slope brownstone. But the standout,...

read all news
connectareasblogsfaqpicks

Copyright © 2026 PropRead.com

Founded by: Basil Horne

our storylatestlibrarydiscussionsmain
cookie settingsuser agreementyour data