Here Are the Housing Markets That Are Going to Get Hammered by the Republican Tax Plan

Slate quoted Richard Green of the USC Lusk Center on how the Republican tax reform bill may negatively impact homeownership in California, but would not be catastrophic. Because they’re designed to cap popular deductions that benefit homeowners and limit the number of itemizers, the Republican tax bills are expected to put a dent in house…

Cuts to Homeowner Tax Breaks Could Cost Republicans in 2018 Races

The New York Times (in a Reuters story) quoted Richard Green of the USC Lusk Center on how the Republican-backed tax reform bill could negatively impact homeowners. Yun says his analysis suggests curbing the mortgage interest deduction would lead to as much as an 8 percent drop in housing values nationwide, and cutting property tax…

For tenants on the edge, paying the rent often takes more than half their income

Los Angeles Times quoted Richard Green of the USC Lusk Center on why declining incomes do not result in lower rents. In theory, rent growth shouldn’t consistently soar past gains in income. But Richard Green, director of the USC Lusk Center for Real Estate, said his research shows that while rising incomes push rents up, when…

Will 2018 Be a Year of Rent-Control Revolt in L.A.?

LA Weekly cited research by Richard Green of the USC Lusk Center on rising rents expected in Los Angeles County over the next two years. The Los Angeles Metro area has the second-highest rate of “cost-burdened” renters in the country, according to a recent report from Harvard’s Joint Center for Housing Studies. Being cost-burdened means…

Welcome to the crisis: Your frequently asked California housing questions answered

Los Angeles Daily News (in a CALmatters story) quoted Richard Green of the USC Lusk Center about the California housing crisis and what a healthy vacancy rate would be for rental units. Vacancy rates are kind of like unemployment rates or even inflation, says Richard Green, director of the University of Southern California’s Lusk Center…

GOP tax bills could weigh on high-end housing in California

San Francisco Chronicle quoted Richard Green, director of the USC Lusk Center, on how the GOP tax reform bills might influence homeownership trends in California. Richard Green, a real estate professor at the University of Southern California, calculated that if Congress got rid of the mortgage interest deduction entirely, it might reduce the U.S. homeownership…

Real Estate Quarterly Overview: Low Supply Dominates Most Sectors

Long Beach Business Journal noted research by Richard Green of the USC Lusk Center about the declining number of available units for Los Angeles County’s growing population. “We’re not building enough housing. We calculated that Los Angeles County should be building about 35,000 units per year. It’s building about 25,000 units,” Richard Green, director of…

An arrest in Saudi Arabia could be felt as far as Silicon Valley and Wall Street

Los Angeles Times quoted Richard Green of the USC Lusk Center about the potential impact of Saudi officials liquidating U.S. real estate holdings. Through Kingdom Holding, the prince enjoys ownership in some of the world’s most prestigious properties and businesses. It has a majority interest in the Savoy Hotel in London, a controlling interest in…

Owning a home could cost more under GOP tax plan, especially if you live in L.A.

Los Angeles Times quoted Richard Green of the USC Lusk Center on how the GOP tax plan would impact home prices in Los Angeles. Richard Green, director of the USC Lusk Center for Real Estate, said limiting the deduction would probably make home prices in the $515,000 to $1.25 million range a “couple of percentage…