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Rebuilding Housing Post Disaster

Lusk Perspectives

Release Date: 03/25/2021

US Foreign Policy show art US Foreign Policy

Lusk Perspectives

Jerrold D. Green (Research Professor, USC Annenberg and President & CEO, Pacific Council on International Policy) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss a short list of global hotspots from a United States perspective. Green delivers insights and offers detailed context on Israel-Gaza, China, Mexico, Ukraine-Russia, and the unique position the US holds within the global economy and international relations. More:

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2024 Or Bust: The Economy, The Fed, And Fiscal Policy show art 2024 Or Bust: The Economy, The Fed, And Fiscal Policy

Lusk Perspectives

How will the US economy perform in 2024? Claudia Sahm (Founder, Sahm Consulting) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss the US economy’s recovery from COVID along with additional shocks and infer the implications of the Federal Reserve’s playbook for 2024. Sahm’s key points: - The US economy undeniably turned a corner in 2023 - The US recovery remains stronger than its peer countries - The Federal Reserve will continue their conservative approach to rate cuts - The greatest risk to the market in the near future is the Federal Reserve’s...

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U.S.-China Relations show art U.S.-China Relations

Lusk Perspectives

Clayton Dube (Director, USC U.S.-China Institute) joins Richard K. Green (Director, USC Lusk Center for Real Estate) to discuss the condition of U.S.-China relations and the latest developments in China’s global influence on trade, supply chain issues, technology, and more. Dube highlights a challenge Chinese officials are watching closely in the coming years: stalling economic growth. To approach the “middle-income” problem, Dube notes the ways in which the government has both relaxed and tightened its grip on markets in an effort to continue the economy’s upward momentum.  ...

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2023 Global Economic and Market Outlook show art 2023 Global Economic and Market Outlook

Lusk Perspectives

Joyce Chang (Managing Director & Chair of Global Research, JPMorgan Chase & Co.) delivers an overview of global economic trends to watch heading into 2023 and beyond. In the near term, Chang sees a mild recession taking effect in late 2023, with a true “soft landing”, as identified by the Federal Reserve, being unlikely. She notes that overall cycles may be shorter, with a likelihood of 4-year recessions rather than the historic 8 or 10, and markets that rally faster to regain losses. Included in the long-term outlook are remarks on China’s slowing growth, regions that could...

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2022 Casden Multifamily Forecast Report show art 2022 Casden Multifamily Forecast Report

Lusk Perspectives

Lusk Director Richard K. Green delivers highlights from the 2022 Casden Multifamily Forecast. Before Green gives a breakdown of Southern California multifamily real estate markets, he pauses to discuss four uncertainties impacting the region. Inflation, interest rates, net migration, and the impending recession are all top-of-mind issues that could dilute the forecast’s potency should any of the factors take a dramatic rise or dip. As for the forecast, Green reviews historical and forecasted data on each market, including overall economic resiliency, net migration since the pandemic began,...

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Leadership and Rethinking Work show art Leadership and Rethinking Work

Lusk Perspectives

An industry panel discusses the changing dynamics of office work in real estate and beyond. By now, it’s apparent that some version of remote work is here to stay for a dominant number of firms. Remote and hybrid work can solve serious employee issues like flexibility, commute times, and even productivity. However, the new work arrangements are not without drawbacks. Moderator Mary Lynne Boorn (Associate Professor, USC Sol Price School of Public Policy) invites Allison Lynch (Compass Ventures), Amalia Paliobeis (Senior Director, Portfolio Management, AvantStay), and Brandi Popovich (Vice...

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Are Appraisals and Assessments Biased? show art Are Appraisals and Assessments Biased?

Lusk Perspectives

Racial bias in home appraisals and assessments is not just an anecdote. Norm Miller (Hahn Chair & Professor of Real Estate Finance, University of San Diego and Vice President, Homer Hoyt Institute), Ruchi Singh (Assistant Professor, University of Georgia), and Richard K. Green (Director, USC Lusk Center for Real Estate) discuss the statistically significant racial and ethnic biases in appraisals and tax assessments. Miller details the benefits of automated valuation models, but he also cautions that using machine learning without human oversight of variables can result in a different set...

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ADU Construction Financing: Opportunities to Expand Access for Homeowners show art ADU Construction Financing: Opportunities to Expand Access for Homeowners

Lusk Perspectives

Industry practitioners in lending and policy discuss the research and recommendations in the recently released paper “ADU Construction Financing: Opportunities to Expand Access for Homeowners.” The joint paper, produced by the UC Berkeley Terner Center for Housing Innovation and the USC Lusk Center for Real Estate, compiles national data and stakeholder interviews to provide a picture of the hurtles to financing and what barriers could be removed to bring ADU construction to scale.   Included in the discussion: Recent updates to Freddie Mac’s ADU policies How friction during...

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Geopolitics, Monetary Policy and Real Estate show art Geopolitics, Monetary Policy and Real Estate

Lusk Perspectives

Richard Green (Director, USC Lusk Center for Real Estate) delivers a presentation on how the ongoing conflict in Ukraine could impact the global economic trajectory as many countries, including the United States, attempt to cool inflation without triggering a recession. Green dives into more specific factors contributing to the USA’s resiliency or vulnerability to global economic shocks. He shares data on why Cap Rates are likely to increase in the future, the trends economists look for with the revitalization of goods and services spending, how real estate impacts inflation, and which US...

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Getting Stuff Done - A Different Approach to Solving Problems in Los Angeles show art Getting Stuff Done - A Different Approach to Solving Problems in Los Angeles

Lusk Perspectives

Austin Beutner (Founder and Chair, Vision to Learn) joins Richard Green (Director, USC Lusk Center for Real Estate) for a discussion on what it takes to accomplish real change in Los Angeles.    Beutner asserts that the twin forces of leadership and governance have the power to solve many of the ongoing and intensifying issues in the county like homelessness, education, and land use. As Superintendent of LAUSD during the pandemic, Beutner oversaw unprecedented responses like providing free food for the community, securing broadband internet access and devices for students in need,...

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Lois Takahashi (Houston Flournoy Professor of State Government and Director, USC Price in Sacramento) moderates a panel of public and private stakeholders on the roadblocks and success stories of rebuilding housing after fire in California, including Dave Sanson (CEO, DeNova Homes), Geoffrey Ross (Deputy Director, Financial Assistance -- Federal Programs, California Department of Housing and Community Development) and Dan Dunmoyer (President and CEO, California Building Industry Association).

As California currently has a housing crisis due in part to the difficulties of constructing new and large-scale housing in the state, the panel concludes that rebuilding communities impacted by natural disaster remains a challenging process. Sanson points out that though most communities lack the resources to act quickly in rebuilding that requires federal support, a dissonance of unity via local control and NIMBYism also can hamper rebuilding efforts. Ross acknowledges that the federal system is not yet attuned to the unique needs of responding to fire, having focused for some time on flood, tornado, or hurricane relief. Though the question “should we rebuild” in fire-affected areas deserves examining, Dunmoyer identifies that homebuilding is not immune to natural disaster anywhere in California or even the US and emphasizes safe and smart building as a responsible solution.

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https://lusk.usc.edu/perspectives