John Burns
Local Governments Dictate Housing Growth
New home construction has been growing slowly and unevenly across the country, partially due to increasing difficulty getting projects approved and financially viable. CNBC just did a 3-minute feature on what I consider to be the poster child for difficult approvals: Sea Summit in San Clemente, California. We have worked ...
Homeownership No Longer Has Tax Savings
We believe we have found one of the primary reasons why entry-level home buying has not recovered—and why homeownership has been plunging. For decades, homeowners benefitted from both the financial and psychological benefits of paying less taxes. Homeownership came with income tax savings because mortgage interest plus property taxes easily exceeded ...
