Banker Bill had this game circled on his calendar all season.
And Is It Bad For The Economy Superfans, he didn’t flinch. He cut straight to the chase and asked the New York housing question that’s been eating at fiscally minded moderates nationwide:
“ On rent stabilization, why stabilize rent instead of just building more units?”
Banker Bill wasn’t ready for the answer. I wasn’t ready for the answer. Because New York City Affordable Housing Developer Teghvir Sethi was confused by the question:
“I don’t think those two things are related in any way, shape, or form.”
That sounds like the kind of thing I’d say and then edit out later, but Teg’s a real NYC developer, not your favorite partisan hack. Teg made the case that policy incentives just aren’t going to cut it if you actually want to build housing for working Americans.
Our new episode is out now on Apple Podcasts, Spotify, YouTube, and Substack.
If you want to learn more, you can check out the following non-profits Teghvir mentions during the episode:
Housing Plus Solutions
Community Access
Volunteers of America
