Whitney Tilson: “City of Yes was an important step in the right direction…”

“We have a political system that gives them sort of disproportionate power, either directly through community boards, indirectly through any city councilor can just sort of kill any project in their district. And they listen to those very motivated owners. Right, of course. So City of Yes was an important step in the right direction. But 80,000 units in 15 years is sort of a joke. We need to do a lot more of that. But at least it sort of broke the. I would say, say almost 50 years.” (41:31–41:40)

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