#shorts On 4/26/2023, Kennedy questions Yentel about zoning in Banking
Kennedy: Ms. Yentel, did I say your name right?
Yentel: It’s Yentel.
Kennedy: I’m sorry. Uh, you talked about zoning. Let’s take California, for example. I don’t mean to pick on California. I love California. It’s a beautiful state. It’s very expensive to own a home there. Can we agree on that, Yentel: yes
Kennedy: So people, when they buy a home, working people, poor and middle class – not many poor people can afford to buy a home – it costs so much that their home becomes their 401k. They can’t save anything. I mean, they have to put the money into equity in their home. And so they want to protect the value of that home and they communicate that to their elected officials. So their elected officials, despite what they say, make it very difficult, through their zoning decisions, to build affordable housing. Despite their left-of-center politics, isn’t that what’s going on?
Kennedy: That’s absolutely true, and California is a prime example of what happens when very restrictive local zoning ordinances prevent the construction of any type of housing, multi-family housing, and especially affordable housing. And the result is that it drives up costs for everyone, and it certainly squeezes the lowest-income renters the most. But California is not alone. This is a pattern. No, but it’s the best example, isn’t it?
Yentel: It is a prime example, yes.

other clips of this published longer video is here: https://youtu.be/QXWpYRjgJUg
Kennedy: left-of-center politics California Dem officials zoning not affordable