Derek Thompson

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

And in this case, especially since the 1960s, we have made it purposefully difficult to add housing supply. And the outcome just followed the process. You see housing supply decline often in the richest cities and these states that are governed too often by progressives. How do we undo it? Yes, a huge part of it exists at the layer of law, right?

California is already trying to change its laws, right? End single family zoning, make it easier to add accessory dwelling units called ADUs. We're changing this at the level of law. But one thing I'm very fixated on is making sure that we also communicate to people that it has to be changed at the level of mindset and even at the level of political courage.

California is already trying to change its laws, right? End single family zoning, make it easier to add accessory dwelling units called ADUs. We're changing this at the level of law. But one thing I'm very fixated on is making sure that we also communicate to people that it has to be changed at the level of mindset and even at the level of political courage.

California is already trying to change its laws, right? End single family zoning, make it easier to add accessory dwelling units called ADUs. We're changing this at the level of law. But one thing I'm very fixated on is making sure that we also communicate to people that it has to be changed at the level of mindset and even at the level of political courage.

Because here's like a model of what often happens. You're the mayor of some city and you want to add a housing development of, let's say, 500 units, right? 500 apartment unit building is going to be set up by some developer. And there's a city council meeting to determine whether or not this apartment building is going to be built.

Because here's like a model of what often happens. You're the mayor of some city and you want to add a housing development of, let's say, 500 units, right? 500 apartment unit building is going to be set up by some developer. And there's a city council meeting to determine whether or not this apartment building is going to be built.

Because here's like a model of what often happens. You're the mayor of some city and you want to add a housing development of, let's say, 500 units, right? 500 apartment unit building is going to be set up by some developer. And there's a city council meeting to determine whether or not this apartment building is going to be built.

Because of loss aversion and because the people who tend to go to city council meetings are older and richer and homeowners, Guess what the overwhelming volume of reaction is in those city council meetings? It's a lot of people who feel like they have something to lose saying you cannot put up this building. You cannot add these apartments. It's going to ruin the character of the neighborhood.

Because of loss aversion and because the people who tend to go to city council meetings are older and richer and homeowners, Guess what the overwhelming volume of reaction is in those city council meetings? It's a lot of people who feel like they have something to lose saying you cannot put up this building. You cannot add these apartments. It's going to ruin the character of the neighborhood.

Because of loss aversion and because the people who tend to go to city council meetings are older and richer and homeowners, Guess what the overwhelming volume of reaction is in those city council meetings? It's a lot of people who feel like they have something to lose saying you cannot put up this building. You cannot add these apartments. It's going to ruin the character of the neighborhood.

It's going to create traffic. It's going to be like an eyesore because I don't like buildings that are that tall. Any number of excuses can come out of like the Pez dispenser of excuses. You take care of one, there's going to be another that comes to the surface.

It's going to create traffic. It's going to be like an eyesore because I don't like buildings that are that tall. Any number of excuses can come out of like the Pez dispenser of excuses. You take care of one, there's going to be another that comes to the surface.

It's going to create traffic. It's going to be like an eyesore because I don't like buildings that are that tall. Any number of excuses can come out of like the Pez dispenser of excuses. You take care of one, there's going to be another that comes to the surface.

And so what often happens is that these mayors or these people sitting on the city council will look out into this room of 50 people saying, no, no, no. And they'll say, I'm going to represent the feedback that I see. And I'm going to vote no on the addition of this housing, on the addition of these housing units, the addition of this apartment building.

And so what often happens is that these mayors or these people sitting on the city council will look out into this room of 50 people saying, no, no, no. And they'll say, I'm going to represent the feedback that I see. And I'm going to vote no on the addition of this housing, on the addition of these housing units, the addition of this apartment building.

And so what often happens is that these mayors or these people sitting on the city council will look out into this room of 50 people saying, no, no, no. And they'll say, I'm going to represent the feedback that I see. And I'm going to vote no on the addition of this housing, on the addition of these housing units, the addition of this apartment building.

Where political courage comes into play is the ability to say, you know what? I want everyone here to know that I hear you. I'm listening to you and I represent you. And so I'm grateful that you showed up to the city council meeting.

Where political courage comes into play is the ability to say, you know what? I want everyone here to know that I hear you. I'm listening to you and I represent you. And so I'm grateful that you showed up to the city council meeting.