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The Realignment
Conor Dougherty: How to Fix America's Housing Crisis - Supply & Demand, Wall Street's Role, and New Cities
Sep 4, 2024
Conor Dougherty, a New York Times reporter and author of "Golden Gates: The Housing Crisis and a Reckoning for the American Dream," discusses America's escalating housing crisis. He highlights how this issue has transformed from localized struggles to a national concern. Dougherty critiques the role of Wall Street and urges for a balanced approach between supply and demand. He also explores innovative urban planning concepts like California Forever, envisioning new cities as part of the solution to the crisis.
01:02:51
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Quick takeaways
- The housing crisis has expanded to affect both urban centers and once-affordable regions, demanding a comprehensive reassessment of national housing policies.
- A significant housing shortage requires the construction of approximately 1.5 million new homes annually to match demand, a target currently unachieved since 2009.
Deep dives
Understanding the Housing Crisis
The housing crisis in America has evolved from being an issue localized in high-cost cities to a pervasive national problem affecting various regions. Historically, urban centers like San Francisco, Los Angeles, and New York have faced gentrification and price increases due to a lack of housing supply. Recently, cities like Kalamazoo, Michigan, have become unaffordable, revealing that even traditionally more affordable areas are now struggling with housing issues. This shift highlights the critical need to reassess housing policies and the various opposing viewpoints surrounding the crisis.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode