The Billionaires’ Secret Plan to Solve California’s Housing Crisis

The Billionaires’ Secret Plan to Solve California’s Housing Crisis

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Episode
1955 of 2634
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29M
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Engelsk
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For years, a mysterious company has been buying farmland on the outskirts of Silicon Valley, eventually putting together a plot twice the size of San Francisco.

At every step, those behind the company kept their plans for the land shrouded in secrecy. Conor Dougherty, an economics reporter at The Times, figured out what they were up to.

Guest: Conor Dougherty, an economics reporter for The New York Times.

Background reading:

Tech industry investors spent roughly $900 million buying land • to build a dream city in a rural part of the Bay Area. • In Solano County, Calif., a who’s who of tech money is trying to build a city from the ground up. But some of the locals whose families have been there for generations don’t want to sell the land • .

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


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