Tapesearch Logo

The Billionaires’ Secret Plan to Solve California’s Housing Crisis

The Daily

The New York Times

News, Daily News

4.597.8K Ratings

🗓️ 11 March 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

For years, a mysterious company has been buying farmland on the outskirts of Silicon Valley, eventually putting together a plot twice the size of San Francisco. At every step, those behind the company kept their plans for the land shrouded in secrecy. Conor Dougherty, an economics reporter at The Times, figured out what they were up to. Guest: Conor Dougherty, an economics reporter for The New York Times.

Audio player

Transcript

Click on a timestamp to play from that location

0:00.0

From New York Times, I'm Michael Bobaro. This is the daylum.

0:05.0

For years, a mysterious company has been buying farmland on the outskirts of Silicon Valley,

0:17.0

eventually putting together a plot twice the size of San Francisco.

0:22.0

But at every step, those behind the company kept their

0:25.8

plans for the land shrouded in secrecy. Until my colleague Connor Doherty

0:32.0

figured out who they were and what they were up to. It's Monday, March 11th.

0:47.0

It's Monday, March 11th. So Connor this story begins as a real estate mystery that you took it upon yourself

0:59.8

to try to crack wide open so tell us about where this mystery unfolds.

1:05.0

Okay, so if you imagine you're in San Francisco and you drive north further up into the

1:11.7

Bay Area into an area called Salano County and then you go

1:15.7

way east and you end up in this very rural corner of the Bay Area that not a lot of

1:20.4

people know about and it's over here in this rural corner of Salano County

1:25.4

where our story takes place.

1:29.5

And it's these open sort of rolling landscape of yellow hills with almost nothing on it.

1:35.1

The largest structures there are wind turbines and a lot of the families out there are

1:42.3

farmers.

1:43.0

They farm sheep, feed crops, and cows.

1:47.0

And many of the people out there have been there since the 1860s.

1:52.0

This is a place where families stay in the same place for generations

1:56.0

and pass the farms down several times. This is a place where not a lot changes.

2:02.4

But then in 2017 something very unusual starts to

2:06.7

happen. A company called Flannery Associates,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The New York Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The New York Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2024.