The Way the World Works: A Tuttle Twins Podcast for Families
Aug 11, 2026 · 15 min · 7 segments
*New York City just elected a democratic socialist mayor, and his plan to fix the housing crisis starts with getting rid of the very thing that builds houses: private ownership.* Brittany dives into…
So for starters, I think just a little refresh, the country is going through a housing shortage right now, and New York City, you know, a city that has so many people in it and so congested, you're gonna see these problems really happening there, uh, b- because it's, there's always somebody looking for housing, and housing is so expensive.
You see people spending, like, $4,000 a month to live in a w- literally a room they can only fit their bed in.
They share bathrooms with people, like, in a hallway.
It's almost like a dorm.
Um, they don't even have full kitchens.
It's wild.
I can't imagine living that way.
Obviously, there's a big problem because when you do have housing shortages, costs go up because the supply is not, uh, is not robust, right? There's not a lot available to you.
And so what causes this? Well, we've talked about this before.
What causes this is bad policies, right? There's never a shortage of people who want to build.
There's always entrepreneurs.
There's always investors who want to, who, who are eager to build new homes.
But they're not always able to because the government steps in with whatever policy and restriction that they are putting in at the, at the time and place, and they make people jump through all these hoops, right? To build a house, you have to get, like, dozens of permits, and you have to get, you know, each of those permits costs money, and it takes time to get it approved.
And if you've ever tried to get something approved through the government, it takes forever.
When I got global entry, which is where you get to, um, skip the line, it's like TSA, but when you're coming from another country back into the United States, it took me almost a year to get it.
It was crazy.
So, so crazy.
But that's government bureaucracy for you.
So when people wanna build houses and they're prevented from doing so because of all these permits and all these costs, sometimes they just give up and think like, "No, this isn't worth my time.
This investment is not gonna get me any money." And then let's look at New York specifically.
I'd like my rent to be controlled and not go crazy, and I'm not paying too much money.
But what happens with rent control is the government steps in and says, "You're only allowed to charge this much for rent." Well, how does that incentivize landlords, uh, to want to become landlords or want to pay money to maintain their properties when they know they're not going to get any more out of it than, than what the government says they can get out of it? This creates problems and, you know, it's almost not worth the risk.
So for starters, I think just a little refresh, the country is going through a housing shortage right now, and New York City, you know, a city that has so many people in it and so congested, you're gonna see these problems really happening there, uh, b- because it's, there's always somebody looking for housing, and housing is so expensive.
You see people spending, like, $4,000 a month to live in a w- literally a room they can only fit their bed in.
They share bathrooms with people, like, in a hallway.
It's almost like a dorm.
Um, they don't even have full kitchens.
It's wild.
I can't imagine living that way.
Obviously, there's a big problem because when you do have housing shortages, costs go up because the supply is not, uh, is not robust, right? There's not a lot available to you.
And so what causes this? Well, we've talked about this before.
What causes this is bad policies, right? There's never a shortage of people who want to build.
There's always entrepreneurs.
There's always investors who want to, who, who are eager to build new homes.
But they're not always able to because the government steps in with whatever policy and restriction that they are putting in at the, at the time and place, and they make people jump through all these hoops, right? To build a house, you have to get, like, dozens of permits, and you have to get, you know, each of those permits costs money, and it takes time to get it approved.
And if you've ever tried to get something approved through the government, it takes forever.
When I got global entry, which is where you get to, um, skip the line, it's like TSA, but when you're coming from another country back into the United States, it took me almost a year to get it.
It was crazy.
So, so crazy.
But that's government bureaucracy for you.
So when people wanna build houses and they're prevented from doing so because of all these permits and all these costs, sometimes they just give up and think like, "No, this isn't worth my time.
This investment is not gonna get me any money." And then let's look at New York specifically.
I'd like my rent to be controlled and not go crazy, and I'm not paying too much money.
But what happens with rent control is the government steps in and says, "You're only allowed to charge this much for rent." Well, how does that incentivize landlords, uh, to want to become landlords or want to pay money to maintain their properties when they know they're not going to get any more out of it than, than what the government says they can get out of it? This creates problems and, you know, it's almost not worth the risk.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.