The listings will continue until people can afford houses in places they want to live.

New City By the Bay, Who Dis

They want to live in San Francisco, but San Francisco has no interest in building homes. What to do? The city's answer is to spend massively to support its homeless population, causing it to grow, while letting the housing shortage get worse. Some tech billionaires instead propose to go to Solano 60 miles away, and start the initiative California Forever on 55k acres to build a new city. We have our first look at what they are imagining, and it looks like an old school Greek or Italian village. Quite nice actually, skipping straight to the future NIMBY world with one extra town in it is already hugely profitable and helpful.

That still wouldn’t have been my move. I would have gone Chinese megacity on [...]

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Outline:

(00:09) New City By the Bay, Who Dis

(01:33) Housing is Expensive

(08:40) Not Having Housing is Expensive

(10:10) NIMBY vs. YIMBY

(12:52) Building Houses Where People Want to Live

(19:44) Georgist Redux

(25:08) Rent Control

(25:54) Traffic

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First published:

Source:

Narrated by TYPE III AUDIO.