A 'Mansion Tax' Complicated the Housing Crisis. Could a Federal Bill Fix It?
6/24/202614 min
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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Transcript preview
First 90 secondsSpeaker 10:00
This podcast is sponsored by Comcast Business. When business leaders struggle to get measurable value out of artificial intelligence, it's often because they're operating AI on top of disjointed architectures, says Amit Verma, Chief Technology Officer at Comcast Business.
Amit Verma0:13
That's why we make sure AI works with a connectivity fabric that permanently links people, applications, data, and machines everywhere and all the time.
Speaker 10:23
That's continuous intelligence. Later, he'll explain why it can bring cohesion to AI deployments.
Imani Moise· Host0:28
[instrumental music] Hi, listeners. Imani Moise here. Your Money Briefing is on hiatus, but our special coverage isn't. Today, we return to our series exploring America's biggest financial hurdle, housing. There's a bipartisan bill that aims to ease the housing crisis. We'll dive into that, plus one city's attempt to make housing more affordable, and the unintended consequences that followed. So can this new bill succeed where other housing policies have fallen short? What's News host Alex Osula breaks that down after the break.
Amit Verma1:01
[instrumental music] Continuous intelligence is the ability to keep insights moving, turning signals into decisions, and decisions into actions without losing context, momentum, or trust.
Speaker 11:17
That's the CTO at Comcast Business, Amit Verma. He believes continuous intelligence, an operating posture linking people, applications, data, and machines, is critical for AI success.
Amit Verma1:27
It's important to have an integrated system that can