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What Next | Daily News and Analysis

The Next Housing Crisis

What Next | Daily News and Analysis

Slate

News, Daily News, News Commentary, Politics

4.62.3K Ratings

🗓️ 22 August 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Henry Grabar fills in as host, surveying how the Democratic presidential candidates would try to fix the housing affordability crisis. What kinds of local policies have given rise to the crisis in the first place? Guest: Jenny Schuetz, a fellow at Brookings. Related: Watch Elizabeth Warren explain her plan to boost homeownership among black and brown families. Podcast production by Sam Lee with help from Danielle Hewitt. Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Imagine being transported to Universal Orlando resort.

0:04.7

Three incredible theme parks, full of twists and turns. You can race alongside

0:10.4

raptors on Jurassic World Velocicoster, joining the mystery with illuminations minions,

0:17.2

and Makersplash at Universal volcano bay.

0:20.8

Book Universal Orlando for 2024 with Virgin Atlantic holidays at your local store on the phone

0:27.2

or Virgin Holiday stockcrow.uk.

0:34.4

In terms of affordable housing, we have a major, major crisis, not just in California,

0:41.8

but in fact all over this country.

0:47.0

And we are not going to solve that crisis unless we talk about that crisis,

0:54.9

and unless we come up with some very specific ideas as to how in the wealthiest country

1:02.0

in the history of the world, we end the absurdity of a half a million Americans being

1:08.6

homeless and so many people spending 40, 50, 60 percent of their limited incomes in housing.

1:15.7

That's what today is about.

1:20.4

That's Bernie Sanders,

1:21.5

during a California Town Hall last month to discuss affordable housing.

1:25.7

It seems like a natural fit for the socialist. He's recently spoken about the stability

1:30.0

that a rent-controlled apartment in Brooklyn gave him as a kid, but Bernie's actually a little

1:34.0

late on this issue.

1:35.2

If you lived in that house, the federal government would subsidize a mortgage for you,

1:40.9

but if you lived in that house, the federal government discriminated against you and made it

1:46.8

almost impossible for many of these people to be able to get mortgages.

1:50.8

That is a part of our American legacy that we need to address at all.

...

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