Laura Kusisto
speaker
689 appearances
14 recordings
1 series
first heard Jul 2017
last heard Nov 2023
Laura Kusisto’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · One Loser in Tax Overhaul: California Housing Markets · 9 Nov 2017
podcast
The places you'd expect, the places on the coast, the places with those big home price tags.
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Yeah, exactly.
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They both looked at similar things.
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Adam just sliced it a little bit differently.
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They looked at states.
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CoreLogic looked at metropolitan areas.
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As you might imagine, you see the most dramatic results when you look at these metro areas because we have some of these cities that are just very, very expensive.
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Yeah, we should be clear about that.
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Even if you look at it by metro, there's a list of about 15 metros where you see really pretty dramatic numbers, certainly in the double digits of the share of mortgages that are over this.
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And then very quickly it falls off.
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Even a relatively expensive market like Portland or Austin, you're seeing single-digit shares of mortgages that are actually over this limit.
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Yeah, and this one to me is interesting, actually, because the cap on the mortgage interest deduction cuts pretty safely along kind of blue state Democratic lines.
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The property tax has potential to be a lot more controversial.
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So you see something like 30% of homes in New Jersey are
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pay more than $10,000 in property taxes.
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You definitely see some of those politically sensitive suburban New Jersey neighborhoods that could be pretty heavily hit by this.
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You also certainly see people in Silicon Valley that are paying property taxes in the $100,000 range.
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That could have a huge impact on these markets.
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Yeah, so we should be clear.
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A lot of economists hate this tax break.
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Showing 401–420 of 689 · page 21 of 35
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