About this episode

The episode discusses the implications of a Los Angeles mansion tax on the housing crisis and its potential lessons for a federal housing bill.

A Los Angeles tax meant to fund affordable housing offers a cautionary tale about the potential unintended consequences of well-intended policies. WSJ reporters Rebecca Picciotto and Paul Kiernan join What's News host Alex Ossola to explain what that lesson could mean for a bipartisan federal housing bill that President Trump is expected to sign. Listen to all episodes in our series on ideas for fixing the housing crisis. Sign up for the WSJ's free Markets A.M. newsletter. Additional reading: Los Angeles Tried to Tax Mansions. Apartment Construction Tanked. Newly Passed Housing Bill Throws Lifeline to Home Builders A Bill Aimed at Creating Homes Is Leaving Plots Empty Instead Senate Passes Housing Bill, Bringing an Investor Ban Closer These Developers Stand to Win in Trump’s Housing-Investor Crackdown

People in this episode

Host: Alex Ossola

Guests: Rebecca Picciotto, Paul Kiernan

Topics covered

• housing crisis
• mansion tax
• affordable housing
• federal housing bill
• unintended consequences
• bipartisan policy

Keywords

• mansion tax
• housing crisis
• affordable housing
• federal bill
• unintended consequences
• Los Angeles
• bipartisan

Mentioned in this episode

Organizations: The Wall Street Journal, President Trump

Places: Los Angeles

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