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.
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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
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