CBS News Interview of Todd Jones

CBS Los Angeles: Why the Housing Bill Won't Fix Affordability

Expert Analysis by Todd Jones | Real Estate Specialist, 21+ Years LA Experience

Real estate expert Todd Jones appeared on CBS Los Angeles to analyze the 21st Century Road to Housing Act. While the bill streamlines permitting and restricts institutional investors, the real reason LA's inventory is frozen isn't corporate buyers—it's interest rates. Homeowners locked into 3% mortgages refuse to sell into today's 7% market.

If you raise the capital gains tax threshold, you're going to get a whole lot more help to the average buyer because sellers are going to finally want to sell. — Todd Jones

What the Bill Does

• Streamlines federal permitting
• Bans institutional investors (350+ homes)
• Ties grants to communities building
• Expands manufactured housing

Todd Jones
Rodeo Realty | (310) 882-5565
toddjonesrealtor.com