A Los Angeles tax meant to fund affordable housing offers a cautionary tale about the potential unintended consequences of well-intended policies. WSJ reporters <a href="https://www.wsj.com/news/author/rebecca-picciotto?mod=WSJ_YMBPOD">Rebecca Picciotto</a> and <a href="https://www.wsj.com/news/author/paul-kiernan?mod=WSJ_YMBPOD">Paul Kiernan</a> join What's News host Alex Ossola to explain what that lesson could mean for a bipartisan federal housing bill that President Trump is expected to sign.
<a href="https://www.wsj.com/economy/housing/how-to-solve-the-housing-crisis-everyone-has-an-idea-837bbe40">Listen to all episodes in our series on ideas for fixing the housing crisis.</a>
Sign up for the WSJ's free <a href="https://www.wsj.com/newsletters/markets-am?mod=WSJ_YMBPOD">Markets A.M. newsletter</a>.
Additional reading:
<a href="https://www.wsj.com/economy/housing/los-angeles-tried-to-tax-mansions-apartment-construction-tanked-1b908564?mod=WSJ_YMBPOD">Los Angeles Tried to Tax Mansions. Apartment Construction Tanked.</a> 
<a href="https://www.wsj.com/politics/policy/newly-passed-housing-bill-throws-lifeline-to-homebuilders-d5dec1d4?mod=WSJ_YMBPOD">Newly Passed Housing Bill Throws Lifeline to Home Builders</a> 
<a href="https://www.wsj.com/real-estate/a-bill-aimed-at-creating-homes-is-leaving-plots-empty-instead-c2569d83?mod=WSJ_YMBPOD">A Bill Aimed at Creating Homes Is Leaving Plots Empty Instead</a>
<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-03-12-2026/card/senate-passes-housing-bill-bringing-an-investor-ban-closer-orBVtwk4bY0LcK4250fW?mod=WSJ_YMBPOD">Senate Passes Housing Bill, Bringing an Investor Ban Closer</a>
<a href="https://www.wsj.com/economy/housing/these-developers-stand-to-win-in-trumps-housing-investor-crackdown-fed348a7?mod=WSJ_YMBPOD">These Developers Stand to Win in Trump’s Housing-Investor Crackdown</a> 
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