Freakonomics Radio 435. Why Are Cities (Still) So Expensive?
Oct 15, 2020
London Breed, the Mayor of San Francisco, shares insights on the city's housing crisis and challenges during the pandemic. Urban economist Jacob Vigdor explores the complexities behind skyrocketing rent, emphasizing landlord-tenant laws. Dan Doctoroff, former NYC deputy mayor, discusses innovative construction technologies aimed at reducing housing costs. Together, they examine the intricate interplay of demand, regulatory constraints, and historical factors making affordable housing elusive in urban settings, shedding light on solutions and the future of city living.
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SF Earthquake
- San Francisco Mayor London Breed recalls the 1989 earthquake.
- She initially thought it was the end of the world, but the city recovered.
Budget Cuts
- Mayor Breed suggests that if public sector workers do not forgo raises, layoffs may be necessary.
- She emphasizes the need for responsible spending.
Political Obstacles
- Mayor Breed claims San Francisco's Board of Supervisors obstructs housing development.
- Their extremely left-leaning politics prioritize a certain movement over the city's needs.