Why Can’t California Fix Its Housing Crisis?

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4.6 • 2.3K Ratings

🗓️ 31 May 2019

⏱️ 21 minutes

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Summary

“California is full.” That’s effectively what some residents and lawmakers in the state said when they chose to punt on a bill that would build more financially sane housing across its biggest metropolitan areas. What does the story of that bill tell us about policymaking for housing and transportation in America? And in a state where homelessness is increasing at an alarming rate, how long will it take California to build the housing it desperately needs? Guest: Farhad Manjoo, a New York Times opinion columnist, who covers technology, global affairs, and culture. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you want to understand how crazy the California real estate market is, just listen to the
0:09.8	local news.
0:10.8	Well, tonight a crumbling shack is the new face of San Francisco's Sky High real estate
0:16.1	market.
0:17.1	Take a look.
0:18.1	This uninhabitable dwelling could be yours if you cough up.
0:22.6	Just this month, a CBS affiliate reported on this San Francisco property.
0:27.1	It's an old house.
0:28.2	It's actually unsafe to enter that went on the market for $2.5 million.
0:35.0	A few days later, the same TV station reported from an empty lot in Palo Alto.
0:41.3	It was on the market for $9 million.
0:43.3	There's no home, no garage, no driveway, nothing, just a lot.
0:48.1	But the realtor says he's already received some interest.
0:54.5	The process of finding a place to live is long and difficult and arduous.
0:59.4	Farhad Manjou is an opinion columnist for the New York Times, lives in the Bay Area.
1:03.9	I'm lucky because we did it about four years ago when it seemed impossible and now it's
1:09.3	just seems even ten times more impossible.
1:12.4	I wanted to know how this impossible real estate market has started changing the way he
1:17.4	lives.
1:18.4	Like, when he talks about real estate with the people next door, what do they even say?
1:23.7	It's a good question.
1:24.7	I mean, well, literally, I don't really talk to my neighbors.
	...

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