How will the real estate sector in Southern California feel the effect of trends and business growth?
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The deductibility of mortgage interest, and state income and property taxes has long been regarded as a federal subsidy that underpins property values in high-cost states such as California and New York. What then should the real property appraiser and the construction project manager expect to occur in light of the changes to the Federal tax code? Are there any parallels to be drawn with the large effects from the Tax Reform Act of 1986, or will Dodd-Frank mitigate the impact?
Join us as we have Dr Gerd Welke, Director of the Real Estate Research Council of Southern California, present on this topic and an analysis of the Southern California market trends for 2018 and beyond.
18:00: Registration & networking
Gerd Welke started life as a nuclear theorist, but eventually saw the error of his ways and graduated from the Haas School of Business at U.C. Berkeley with a Ph.D. in Real Estate Finance in 2006, examining the systemic risk that the Federal Housing GSEs posed to the U.S. economy. While there he participated in a real estate start-up, working on Merton-style models to predict default in commercial mortgages. After a stint at Baruch College in Manhattan, he returned to California to take up a faculty position at the California State Polytechnic University in Pomona, California, where he is also the Executive Director of the Real Estate Research Council.