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Whitney Tilson: “Austin created 15% more housing supply and they now have a…”

Featuring: Whitney Tilson, Democratic | Former Hedge Fund Manager, Candidate for New York City Mayor

Whitney Tilson Discusses New York City Mayoral Candidacy and Education Reform on 'You Decide' Podcast

Published May 23, 2025 | Video Starts at 40:07

Because a lot of Your costs are fixed. You know, once you're building, it's not that much more expensive to add an extra floor or two. Long story short, Houston, excuse me, Austin created 15% more housing supply and they now have a glut. In Austin, housing prices are down 23%, rents are down 22%. And that's causing pain among builders. Sure. But it's great for everybody who lives in Austin. Great. Right, of course. (40:07–40:13)

CLAIM

Asserts that Austin increased its housing supply by 15%, resulting in a housing glut.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Whitney Tilson

“Mississippi is the poorest state in the country. Spends 12,000 bucks a kid. We're spending approximately 40,000 bucks a kid.”
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“90% of New York City parents think their child is reading at grade level. The actual number, 45%.”
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“5% of New Yorkers elected our mayor and our other top elected officials.”
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“90% of U.S. counties swung toward Trump relative to the prior election.”
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“In Austin, housing prices are down 23%, rents are down 22%.”
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“Nationwide, two thirds of people own one third of people rent. In New York, it's exactly the opposite.”
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“Nationwide rents have gone down 24 consecutive months and they're still going up here in the city.”
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“For the past 20 plus years I've been an activist in the Democratic Party.”
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“I joined the board of KIPP Charter Schools after helping found Teach for America.”
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“I helped start something called Democrats for Education Reform.”
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“We Democrats have not been doing a very good job running the cities and states that we control.”
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“We have an incredible charter sector in New York City. It educates 300 odd schools, are educating 150,000 kids, about 15% of New York City…”
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“We don't allow for profit charters, any of these online charters, the things that give the charter movement a black eye.”
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“Every charter can be put on probation or even shut down if they cannot demonstrate that they are delivering for children.”
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“The largest [charter authorizer] is SUNY in the state. It's more than half of them.”
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“KIPP's budget is for its 18 schools approaching $200 million. 97% of that is city and state money.”
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“It was done in New Orleans after Katrina. They charterized the whole system.”
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“Mississippi has, in the last 20 quarter century roughly has soared past New York.”
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“They mandated by law, you must stop lying to parents and put together a reading instructional program for any child.”
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“They threw out this whole language balance literacy curriculum nonsense that has infected our schools here in New York for 30 years.”
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“We have 75,000 teachers in our system. It takes years to retrain them and we haven't done it quickly enough.”
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“Mississippi has done a lot of basic stuff and they set high standards and goals.”
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“They ended social promotion in third grade. A kid can't go to fourth grade unless they're reading it at least a basic level.”
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“Lumber Liquidators, which has now gone bankrupt in part as a result of these revelations, was sourcing flooring, laminate flooring from…”
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“Donald Trump in this area, as in pretty much other area, is gone rogue, is harming our country in this in so many ways, including…”
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“I told my readers in my Free Investing Daily, as the stock market crashed by 20% a short period of time as this madness became apparent, I…”
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“What's interesting, what reigned him in here in his tariffs was the bond market and to some, most importantly, and the stock market.”
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“It means we're going to have to pay a little bit more for the debt, the bonds, the U.S. treasuries that we issue. And when you multiply that…”
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“Donald Trump is hurting this country.”
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“Mayor Adams has been a terrible disappointment and has been corrupt.”
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“I don't think we really have a democracy here in New York City.”
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“Republicans [use] voter suppression techniques.”
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“The Democratic Party machine has deliberately... created a system that minimizes voter turnout.”
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“The Democratic Party machine has created a system in which a handful of special interest groups... determine who their elected officials…”
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“The teachers union [is] the most powerful [special interest group].”
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“Anyone who truly believes in democracy... should be fighting to maximize voter turnout.”
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“In red states a hunting license you can vote, but not a driver's license.”
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“I would pass a national law making voting mandatory. Some [countries like] Australia has that, for example.”
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“In the last mayoral primary in New York, [turnout] was 26%.”
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“The previous election, de Blasio's reelection, [had] turnout [of] 14 and a half percent of eligible voters.”
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“I raised a quarter million dollars and $250 in smaller chunks from about 1700 New Yorkers.”
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“City of Yes was an important step in the right direction. But 80,000 units in 15 years is sort of a joke.”
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“We've Got a housing crisis and 1.4% vacancy rate.”
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“It used to take two years start to finish from land acquisition [to] actually building and opening something.”
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“It's now four years when you double the amount of time.”
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“Mortgage rates are 7% or something.”
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“We as a city have doubled the amount of time it takes to get something done.”
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“City of Yes, I think was important. It created some citywide standards that sort of override some of the local NIMBYism.”
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