To buy or not to buy? New tax law creates uncertainty for some homebuyers

The Orange County Register quoted Richard Green of the USC Lusk Center about whether the new federal tax code will impact home buying in California for those that can afford a mortgage more than $750,000. Richard Green, director of USC’s Lusk Center for Real Estate, predicted the tax overhaul will backfire, possibly triggering a recession…

Average apartment rent dips slightly, but still trending up from 2016

The Santa Clarita Valley Signal noted Richard Green of the USC Lusk Center was appointed to a Santa Clarita task force to examine rent control. Starcyzk said the five supervisors have each named two appointees for a task force to study rent control. A spokesperson for Supervisor Kathryn Barger said her appointees to the Tenant…

California housing crisis affecting middle class the most: It’s ‘a broken system’

Fox News quoted Richard Green of the USC Lusk Center about the contributing factors in California’s affordable housing crisis. “Supply and demands works,” said USC real estate professor Richard Green. “People want to be here and we’re not accommodating them with new housing and so the cost of the housing goes up.” A similar, albeit…

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…