LA Times: Los Angeles limits 'mansionization,' downtown hotel conversionsReason: In Soviet Los Angeles, Housing Affordables You!LA's City Council voted unanimously to treat the symptoms of the City's gentrification problem by restricting property owner's right to improve their … [Read more...]
Mortgage-Interest Deduction: The Unseen Costs
In general, I am opposed to just about any tax increase. However, the mortgage interest deduction is one of my least favorite tax breaks. First of all, it's a regressive tax deduction that transfers wealth from renters and businesses to homeowners. Second, it causes home prices to rise relative … [Read more...]
Bigger isn’t necessarily better
Wall Street Journal Blog: Are McMansions Making Some Americans Unhappy? … [Read more...]