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The Ezra Klein Show

Best Of: Why Housing Is So Expensive — Particularly in Blue States

The Ezra Klein Show

New York Times Opinion

Society & Culture, Government, News

4.611K Ratings

🗓️ 3 February 2023

⏱️ 77 minutes

🧾️ Download transcript

Summary

Ezra is out sick, so today, we’re sharing one of our favorite conversations — with Jenny Schuetz, a senior fellow at the Brookings Institution whose 2022 book “Fixer Upper: How to Repair America’s Broken Housing Systems,” is perhaps the best, clearest overview of America’s housing problems to date. In this conversation, recorded in July 2022, Schuetz breaks down the politics and policies that have contributed to America’s multiple housing crises — from housing shortages and high homelessness rates in major cities to the increasing elusiveness of homeownership for many young Americans. We discuss why the states with the highest homelessness rates are all governed by Democrats, the roots of America’s homelessness crisis, why economists believe the U.S. gross domestic product could be over a third — a third! — higher today if American cities had built more housing, why it’s so hard to build housing where it’s needed most, the actual (and often misunderstood) causes of gentrification, why public housing has such a bad reputation in the U.S.; how progressives’ commitment to local democracy and community voice surprisingly lies at the heart of America’s housing crises, why homeownership is still the primary vehicle of wealth accumulation in America (and the toxic impact that has on our politics), what the U.S. can learn from the housing policies of countries like Germany and France, what it would take to build a better politics of housing and much more. This episode of “The Ezra Klein Show” is produced by Annie Galvin and Rogé Karma; fact-checking by Michelle Harris, Mary Marge Locker, Kate Sinclair and Rollin Hu; mixing by Sonia Herrero and Isaac Jones; original music by Isaac Jones; audience strategy by Shannon Busta. Special thanks to Kristin Lin and Kristina Samulewski.

Transcript

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0:00.0

Hey, this is Ezra. I am still out sick, but I'll be back on Tuesday. I am thankfully

0:06.1

and finally on the mend. Until then, we're rearing one of my favorites from last year.

0:11.5

This episode on the cost and crisis of housing with Urban Economist Jenny Shoetz. Enjoy.

0:18.4

I'm Ezra Klein. This is the Ezra Conchell.

0:42.4

If you've been listening to the show or reading my columns lately, you know, I'm circling this question

0:48.0

of why liberalism so often fails to build. Most of all, in the places liberals hold the most power.

0:54.8

And there's no more damning or central example of this failure than housing.

1:01.1

The five states in the US with the highest rates of homelessness are New York, Hawaii,

1:06.1

California, Oregon, and Washington. Some of the bluest states in the country, not one red state

1:12.4

on that list. And they are consistently unable to build enough homes at prices people can actually

1:19.0

afford. And at the core of that failure is the failure to build enough homes full stop.

1:24.9

And that means working class people can't live where the wages are highest. They can't live where

1:29.6

the opportunities for them are most promising, where the safety nets are most expansive. That means

1:35.5

people who might want to live in say states that guarantee abortion rights can't afford to.

1:40.8

That means a state like California that prides itself on all the green energy infrastructure

1:47.0

it's building is pricing people who would want to live in that infrastructure.

1:51.0

Indistates where they use more fossil fuels or it's pricing people into parts of California itself

1:56.5

where they have to drive much further into work. Housing is fundamental when you fail to provide it

2:03.2

that failure reverberates throughout society. It leads waste to all your other carefully laid policy plans.

2:09.8

And ideals. Few understand the ins and outs of America's housing system or systems like Jenny

2:17.2

Shoetz. She is a senior fellow at the Brookings Institute and she's the author of the new book Fixer

2:23.4

Upper, How to Repair America's Broken Housing Systems, which is one of the clearest

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