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Lusk Perspectives

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Resources for COVID-19 and Beyond

During a time of great uncertainty and change, connection and information is a more important resource than ever before. Today's problems could be amplified or completely altered in a matter of days or hours, so it is vital that organizations and thought leaders frequently share knowledge, dispel rumors, and offer insight.

To meet this need, the USC Lusk Center for Real Estate launches the resource Lusk Perspectives.

Hosted by Professor and Lusk Center Director Richard K. Green, Lusk Perspectives offers timely analysis and shares accurate data vetted by leading experts on the latest developments and observations concerning policy, real estate, COVID-19 and more.

Once interviews are conducted, resources and videos will be made available here and on podcast channels as soon as possible.

 

Latest Perspectives

Demystifying Commercial Mortgage-Backed Securities

October 22, 2020
Roy March
Roy March | CEO, Eastdil Secured

Roy March discusses the ins and outs of Commercial Mortgage-Backed Securities with Richard Green. Starting with the history of how CMBS was born out of the Savings and Loan Crisis in the late 1980s and how it gained ground after the 2008 crisis by providing much-needed liquidity, the conversation covers a wide range of the market. March offers insights and observations on how a global aging population focused on long-term saving impacts interest rates, how valuation and refinancing is changing since COVID-19, and what changes have been made in governance to provide more flexibility on loan terms. March also takes a moment to address the shortcomings of the homelessness and housing crisis, particularly in Southern California.

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Election Talks: Breaking Down CA Prop 21

October 12, 2020
Larry Mantle
Larry Mantle | Host, Airtalk, Filmweek, KPCC
Gary Painter
Gary Painter | Director, Sol Price Center for Social Innovation
Richard Green
Richard Green | Director, USC Lusk Center for Real Estate

Radio host and fourth-generation Angeleno Larry Mantle and policy experts Gary Painter and Richard Green provide an overview of CA Proposition 21 followed by a discussion on their opposing views of supporting or opposing the initiative for local rent control. If approved, it allows local governments to establish rent control on residential properties that have been occupied for over 15 years. Additionally, it allows landlords who own no more than two homes to exempt themselves from such policies. Relevant to the discussion is the 1995 Costa–Hawkins Rental Housing Act, which Prop 21 would repeal some of the provisions in the act.

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Prop 15 Discussion with KPCC Host Larry Mantle

October 12, 2020
Larry Mantle
Larry Mantle | Host, Airtalk, Filmweek, KPCC
Manuel Pastor
Manuel Pastor | Director, USC Dornsife Equity Research Institute
Rex Hime
Rex Hime | President and CEO, California Business Properties Association

Larry Mantle hosts a discussion regarding California Proposition 15. If passed on November 3rd, this initiative constitutional amendment will generate an estimated $6.5 billion to $11.5 billion annually for local governments and K-14 public education by creating a "split roll" property tax system that increases taxes on large commercial properties by taxing them at market value, without changing the assessed valuation process for other properties. Richard Green briefly introduces the talk while Manuel Pastor  and Rex Hime (President and CEO, California Business Properties Association) discuss what the ramifications of this proposition could be for California business, local municipalities, and education. 

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The COVID Economy: Where Are We Now?

October 9, 2020
Diane Swonk | Chief Economist, Grant Thornton

Diane Swonk discusses where we’ve been and possibly where we’re going as the economy braces for more impacts from COVID-19 with Richard Green. Tracing the line back from January 2020 to the Fall, she overlays her concerns about COVID’s long term impacts on Millennials, Gen Z, women in the workforce, and the ever-widening gaps in racial disparities. Green offers supporting evidence as well as questions regarding how the supply chain might change. Swonk insists throughout that the course of the virus is the course of the economy regardless of government intervention. 

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Analyzing Mortgage Market Risks

September 29, 2020
Laurie Goodman
Laurie Goodman | Vice President and Co-Director, Housing Finance Policy, Urban Institute

Laurie Goodman sits down with Richard Green to discuss all things mortgage market including her success and key takeaways from analyzing asset classes in the 2008-2009 financial crisis, how she and her team created the housing credit availability index, the impact of both Dodd-Frank legislation and COVID-19 on the mortgage market. Additionally, Goodman offers data-based observations on credit evaluation flaws and how that widens the black-white homeownership gap.

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