WEBVTT 1 00:00:50.960 --> 00:00:53.640 Good afternoon. This is briefly with the Chief. I'm your host, 2 00:00:53.719 --> 00:00:56.280 Patrick Jordan here on kg or at dB dot com. 3 00:00:56.320 --> 00:00:59.159 You can catch me every Wednesday at five pm Eastern 4 00:00:59.200 --> 00:01:02.399 Standard Time on kvis Rumble channel, their Facebook page, and 5 00:01:02.439 --> 00:01:06.120 their Twitter feed. Now you can also catch me a 6 00:01:06.159 --> 00:01:09.159 pining all by myself on Twitter at last Jordan, I 7 00:01:09.159 --> 00:01:12.719 talk about a whole wide variety of things, and today's 8 00:01:12.719 --> 00:01:14.680 show we're going to talk public policy. We're going to 9 00:01:14.760 --> 00:01:18.359 talk why housing first is failing. And then it's just 10 00:01:18.400 --> 00:01:20.079 not going to be me opining. I'm going to bring 11 00:01:20.120 --> 00:01:23.599 doctor Christopher Calton on from the Independent Institute, and we're 12 00:01:23.599 --> 00:01:26.959 going to talk about homelessness, where how we got, how 13 00:01:27.000 --> 00:01:30.439 we got to public housing versus a public policy, why 14 00:01:30.480 --> 00:01:35.519 it's failing, and maybe some a direction forward where we 15 00:01:35.560 --> 00:01:37.560 should go. Now, as you guys all know, I do 16 00:01:37.680 --> 00:01:41.040 have my hand in the homeless issue in Los Angeles, 17 00:01:41.120 --> 00:01:43.879 and so this is the topic that interests me. I 18 00:01:43.920 --> 00:01:45.799 do sit on the board of the Los Angeles Mission. 19 00:01:45.799 --> 00:01:47.959 You can see on the banner there ww dot Los 20 00:01:48.079 --> 00:01:50.920 Angeles Mission dot org. You can check them out and 21 00:01:50.920 --> 00:01:53.040 make a donation today. And I did serve some meals 22 00:01:53.079 --> 00:01:57.079 down there and Thanksgiving, and I went down for Christmas 23 00:01:57.840 --> 00:02:01.000 and I'm waiting for the next event I'll go volunteer again. 24 00:02:01.519 --> 00:02:03.680 But they do some great work in downtown LA. They 25 00:02:03.760 --> 00:02:06.680 do transformal housing, so they bring you in and try 26 00:02:06.719 --> 00:02:09.400 to do the best they can to get you off 27 00:02:09.479 --> 00:02:12.240 the street and integrate you back in society in a 28 00:02:12.240 --> 00:02:15.000 positive way by doing wrap ar own services, including cognitive 29 00:02:15.039 --> 00:02:17.919 Babel therapy programs, which I think are the gold standard 30 00:02:18.000 --> 00:02:21.919 for helping people to change their lives. But we'll get 31 00:02:21.919 --> 00:02:23.639 to that in a minute though my lead segment. Though, 32 00:02:23.639 --> 00:02:26.000 I'm going to talk about a couple of issues in 33 00:02:26.080 --> 00:02:29.039 my lead segment, and the first is Walter Kurt Is. 34 00:02:30.199 --> 00:02:32.919 He looked at what Nick Suhirly did in Minneapolis and 35 00:02:32.919 --> 00:02:35.879 he decided to go out to Ohio and check out 36 00:02:35.919 --> 00:02:41.520 do they have fraud and the childcare state funded, government 37 00:02:41.520 --> 00:02:46.680 funded childcare system in Ohio? And he did find it. 38 00:02:46.719 --> 00:02:50.400 So let's listen to a clip here from Walter Kurt. 39 00:02:50.680 --> 00:02:54.599 When I say that this location has that this organization 40 00:02:54.639 --> 00:02:58.280 has received lots of money, I'm not joking. Forty two 41 00:02:58.439 --> 00:03:01.439 million dollars in federal fundation has been sent to the 42 00:03:01.479 --> 00:03:05.280 Somalian Education Resource Center over the past ten years or so, 43 00:03:05.280 --> 00:03:08.080 from twenty seventeen till now. And you'll also notice by 44 00:03:08.080 --> 00:03:10.280 the way that you can see the jump. You see 45 00:03:10.319 --> 00:03:13.319 twenty seventeen, twenty nineteen, you know they've got some money 46 00:03:13.360 --> 00:03:15.240 that are coming in. Then twenty twenty it's a jump, 47 00:03:15.400 --> 00:03:17.560 and then twenty twenty one it is a massive jump, 48 00:03:17.639 --> 00:03:19.560 and then a massive jump again, and then in twenty 49 00:03:19.599 --> 00:03:23.360 twenty five it is a huge jump, huge jump. So 50 00:03:23.599 --> 00:03:27.319 now they've received over fourteen million dollars this year. Okay, 51 00:03:27.360 --> 00:03:31.039 so this is a very well funded organization, very well funded. 52 00:03:31.080 --> 00:03:33.599 They have lots of money. So the question is where 53 00:03:33.680 --> 00:03:36.400 are they And that's not an easy question to answer 54 00:03:36.479 --> 00:03:39.159 because if you look them up on Google, it shows 55 00:03:39.159 --> 00:03:40.400 that they're permanently closed. 56 00:03:41.280 --> 00:03:41.840 That's nice. 57 00:03:42.360 --> 00:03:44.840 Fourteen million dollars and you're permanently closed. I'm not really 58 00:03:44.879 --> 00:03:46.680 sure how you do that in a single year, but 59 00:03:46.800 --> 00:03:49.759 be okay, that's fine. Well maybe the address is wrong. Well, 60 00:03:49.759 --> 00:03:52.879 there's four addresses, so you go to address one. It's 61 00:03:52.919 --> 00:03:55.039 the backside of a motel. There's nothing there. You get 62 00:03:55.080 --> 00:03:57.639 to address too, there's something that on a sign that 63 00:03:57.719 --> 00:04:00.800 says the Somalian Culture Center, but there's all nothing there, 64 00:04:00.879 --> 00:04:03.560 and it looks to be a dentist location. Then you 65 00:04:03.599 --> 00:04:05.719 go to another location and it's a parking lot, and 66 00:04:05.759 --> 00:04:07.960 then you go to another location there's nothing there, So 67 00:04:08.080 --> 00:04:13.199 anyway for locations. Later we find the Somalian Education Resource Center. 68 00:04:13.599 --> 00:04:16.560 It is in a single office at the top of 69 00:04:16.600 --> 00:04:19.639 a multi tenant office building in the very back on 70 00:04:19.720 --> 00:04:23.040 the third floor, the final door on the top of 71 00:04:23.079 --> 00:04:25.439 the building, all the way in the back. And the 72 00:04:25.439 --> 00:04:27.839 only thing that looks expensive about this place is the 73 00:04:27.959 --> 00:04:30.759 very high dollar security system that is on the outside door. 74 00:04:35.480 --> 00:04:37.959 So that's Walter Kurt. Now, Walter is he's got a 75 00:04:38.000 --> 00:04:40.279 show called a Political Theater, which I jump on every 76 00:04:40.319 --> 00:04:42.920 now and then. You can find it on spaces on 77 00:04:43.399 --> 00:04:45.519 X and I think we got a banner for that. 78 00:04:45.600 --> 00:04:49.240 And here's the thing about there. It is so you 79 00:04:49.279 --> 00:04:53.199 can you can go to his y his substack page 80 00:04:53.240 --> 00:05:00.519 w WC dispatch dot com backslash p backslash the Political 81 00:05:00.680 --> 00:05:03.600 Leader and you can find him there. And he is 82 00:05:03.639 --> 00:05:07.639 going to do a series of visits to check out 83 00:05:07.680 --> 00:05:10.680 these locations to see if they actually exist exist just 84 00:05:10.720 --> 00:05:13.480 like they just like Nick Tirley did in Minneapolis. Now, 85 00:05:13.519 --> 00:05:15.839 the thing about one of the things that's being said 86 00:05:16.160 --> 00:05:20.720 is Trump is frozen the money going to these daycares 87 00:05:20.759 --> 00:05:22.959 in these states, and it's, oh my god, they're cutting 88 00:05:23.000 --> 00:05:23.480 off the funding. 89 00:05:23.519 --> 00:05:23.839 Virtuality. 90 00:05:23.879 --> 00:05:25.639 When you got off sieve, when you got a hole 91 00:05:26.600 --> 00:05:29.600 in your organization and you're bleeding money, you don't keep 92 00:05:29.639 --> 00:05:31.839 pouring the money in and try and fix that hole. 93 00:05:31.879 --> 00:05:34.360 You stop pouring the money in, fix the hole, and 94 00:05:34.399 --> 00:05:36.199 then you turn this pigot on again when you know 95 00:05:36.680 --> 00:05:39.240 everything's fixed and you're not losing fun. So that's all 96 00:05:39.279 --> 00:05:41.720 that Trump is doing. So Trump's not doing anything wrong. 97 00:05:42.279 --> 00:05:44.800 But I dealt with federal grants and federal money, and 98 00:05:44.959 --> 00:05:47.439 I have to tell you they were pretty tight when 99 00:05:47.439 --> 00:05:49.600 I was dealing with them. These were homeland security grants. 100 00:05:49.600 --> 00:05:51.959 It was the tens of millions, not the hundreds of 101 00:05:52.000 --> 00:05:54.759 millions and the billions that we're talking about. But they 102 00:05:54.759 --> 00:05:56.800 would come and inspect to make sure that we were 103 00:05:56.839 --> 00:05:59.079 hitting our timelines, we were hitting our scope of work, 104 00:05:59.120 --> 00:06:00.879 that we're doing all the things that we're supposed to 105 00:06:00.920 --> 00:06:03.240 be doing. And so it's curious to me, how do 106 00:06:03.319 --> 00:06:05.600 we get to a point when we didn't have those 107 00:06:05.639 --> 00:06:08.560 systems and controls in place. And you know, for me, 108 00:06:08.720 --> 00:06:12.240 this is an issue of competency. Certainly, Governor Waltz, whatever 109 00:06:12.279 --> 00:06:14.759 you want to think about him, has demonstrated a lack 110 00:06:14.800 --> 00:06:20.560 of competency in protecting the people's money, which is a 111 00:06:20.560 --> 00:06:22.839 big obligation for him. If we're going to give people's 112 00:06:22.920 --> 00:06:26.000 money out, we need to make sure it's being properly spent. 113 00:06:26.040 --> 00:06:28.360 Do they have no problem having systems and controls in 114 00:06:28.360 --> 00:06:31.079 place and making sure you pay your taxes? I think 115 00:06:31.120 --> 00:06:33.079 they can put some good systems and controls to make 116 00:06:33.120 --> 00:06:35.839 sure that people aren't wasting your money. But check out 117 00:06:35.839 --> 00:06:37.959 Walter Kurt at the Political Theater. I will jump on 118 00:06:38.000 --> 00:06:40.480 a show every now and then and give a commentary 119 00:06:40.600 --> 00:06:43.480 on X and I do like the spaces, so you 120 00:06:43.480 --> 00:06:45.680 can catch me on a lot of different spaces. His 121 00:06:46.240 --> 00:06:49.199 is one of my favorites. So also, I wanted to 122 00:06:49.240 --> 00:06:52.319 talk about another issue. This one's in New York and 123 00:06:52.360 --> 00:06:56.120 this is the Mindami, the new mayor of New York 124 00:06:56.199 --> 00:06:58.360 has a point is somebody be in charge of tenant 125 00:06:58.360 --> 00:07:01.079 relations and some of his to deal with his tenant 126 00:07:01.120 --> 00:07:04.720 issues in York. And her name is Shia Weaver, and 127 00:07:04.800 --> 00:07:07.920 she has made some comments about public property that is 128 00:07:07.959 --> 00:07:10.319 shocking to me. Let's let's row with that video. 129 00:07:14.959 --> 00:07:18.839 I think the reality is is that for centuries we've 130 00:07:18.920 --> 00:07:23.160 really treated property as an individualized good and not a 131 00:07:23.199 --> 00:07:26.959 collective good. And we are going to and transitioning to 132 00:07:27.079 --> 00:07:31.240 treating it as a collective good and towards a model 133 00:07:31.279 --> 00:07:35.279 of shared equity will require that we think about it differently, 134 00:07:35.639 --> 00:07:40.160 and it will mean that families, especially white families, but 135 00:07:40.279 --> 00:07:44.120 some POC families who are homeowners as well, are going 136 00:07:44.240 --> 00:07:48.519 to have a different relationship to property than the one 137 00:07:48.560 --> 00:07:49.319 that we currently have. 138 00:07:51.560 --> 00:07:54.759 Yeah, to think about that, that is a different relationship 139 00:07:54.800 --> 00:07:57.800 with property that we currently have, like you know, home ownership, building, 140 00:07:57.839 --> 00:08:02.360 well building, financial independence, it's yours. You know, we fought 141 00:08:02.399 --> 00:08:05.560 a war with King George over this called revolutionary war. 142 00:08:05.639 --> 00:08:08.000 He tried to tax us. We got mad and we 143 00:08:08.040 --> 00:08:10.079 fought a war with him. And that's that's property. He's 144 00:08:10.079 --> 00:08:12.639 tried to take our property. And here we got now 145 00:08:12.680 --> 00:08:16.680 in New York an administration administration that is talking about 146 00:08:16.839 --> 00:08:20.439 taking people's personal property, their houses, away from them so 147 00:08:20.480 --> 00:08:24.040 that they could be a shared resource for everybody in 148 00:08:24.079 --> 00:08:26.240 the city of New York. And you know, it's interesting 149 00:08:26.639 --> 00:08:30.439 to me because we just took Maduro out of Venezuela. 150 00:08:30.639 --> 00:08:33.399 Now if you're married. Say I'm a student of history. 151 00:08:33.399 --> 00:08:34.000 I love history. 152 00:08:34.000 --> 00:08:36.759 And it wasn't all that long ago that Venezuela was 153 00:08:36.799 --> 00:08:39.759 one of the wealthiest countries in South America. And then 154 00:08:40.080 --> 00:08:43.360 Hugoshabez came to power through the ballot box, and then 155 00:08:43.360 --> 00:08:46.200 he quickly took over as a dictator, and he quickly 156 00:08:46.320 --> 00:08:49.120 nationalized the oil industry, and when he didn't have enough 157 00:08:49.159 --> 00:08:52.279 oil money, he started nationalizing all the other industries, and 158 00:08:52.320 --> 00:08:55.679 he impoverished that nation. When he died of cancer, Maduro 159 00:08:55.759 --> 00:08:58.600 took over and he continued in that vein, and the 160 00:08:58.639 --> 00:09:01.480 only people that got rich were the people at the top, Maduro, 161 00:09:01.600 --> 00:09:04.120 his friends, and the people that helped him with this 162 00:09:04.279 --> 00:09:09.279 corrupt socialist utopia that they what they called Venezuela. Ninety 163 00:09:09.279 --> 00:09:11.879 percent of the people living in Venezuela today are impoverished, 164 00:09:11.919 --> 00:09:14.919 a third of their population left. That is what this 165 00:09:15.039 --> 00:09:17.039 kind of nonsense thinking brings. 166 00:09:17.039 --> 00:09:17.120 You. 167 00:09:17.159 --> 00:09:19.639 Now see, she's since backed off some of those comments 168 00:09:19.679 --> 00:09:24.480 because there was such huge kickback on what she said. Additionally, 169 00:09:24.519 --> 00:09:26.279 some of the other information came out that her mom 170 00:09:26.360 --> 00:09:29.799 owns a house in Nashville worth one point five billion 171 00:09:29.840 --> 00:09:34.679 in a gentrifying neighborhood oh my god, another horrifying term gentrification. 172 00:09:35.320 --> 00:09:37.639 But her mom owns a one point five million dollar house, 173 00:09:37.679 --> 00:09:40.799 seems like she's Does that mean she's a racist? According 174 00:09:40.799 --> 00:09:43.840 to Turning her Darter, that's exactly what it means. So 175 00:09:44.000 --> 00:09:45.639 this is nonsense. And I think one of the things 176 00:09:45.639 --> 00:09:48.159 that you if you follow public policy, one of the 177 00:09:48.159 --> 00:09:52.360 things they used to switch the equity calculator for folks 178 00:09:52.440 --> 00:09:55.039 is rent control. Right, And one of the cities I 179 00:09:55.120 --> 00:09:57.919 worked in, the city, West Hollywood, established rent control in 180 00:09:58.000 --> 00:10:01.000 the mid eighties. And what it really looked to me 181 00:10:01.360 --> 00:10:05.039 over time because I was there shortly after the established 182 00:10:05.080 --> 00:10:07.080 rank control. I worked there for nine years, I left 183 00:10:07.080 --> 00:10:09.759 for six and I came back as a lieutenant. And 184 00:10:10.799 --> 00:10:12.600 I remember getting this call one night, right. 185 00:10:13.000 --> 00:10:14.440 It was this guy. 186 00:10:14.480 --> 00:10:17.159 He was complaining about his neighbor, his upstoes near him. 187 00:10:17.320 --> 00:10:19.080 She obviously worked in the clubs. There's a lot of 188 00:10:19.080 --> 00:10:23.000 clubs in the area. It was the entertainment hotspot. And 189 00:10:23.279 --> 00:10:25.200 she would come it's like three in the morning. She'd 190 00:10:25.240 --> 00:10:27.879 walk on her upstairs on her floor and high heels, 191 00:10:27.919 --> 00:10:30.320 make noise. And he would call almost every night to complain. 192 00:10:30.360 --> 00:10:33.440 And finally he got to the lieutenant right complaining that 193 00:10:33.480 --> 00:10:35.759 we weren't doing anything about this lady walking in her 194 00:10:35.799 --> 00:10:38.519 apartment at night. And you know, I got to talking 195 00:10:38.559 --> 00:10:39.919 to the guy. I go, well, you know, walking in 196 00:10:39.960 --> 00:10:42.919 your apartment is not really a violation of any noise rules. 197 00:10:42.919 --> 00:10:45.919 If she's not doing anything malicious, just walking in her apartment, 198 00:10:46.360 --> 00:10:47.399 there's nothing wrong with that. 199 00:10:47.559 --> 00:10:49.559 And you know, I was asking him and he says, well, 200 00:10:49.600 --> 00:10:51.600 I'm a lawyer and I need to get my sleep. 201 00:10:52.240 --> 00:10:54.279 And so I asked him, I said, how long have 202 00:10:54.320 --> 00:10:55.799 you been there? He says, well, I've been here about 203 00:10:55.799 --> 00:10:59.519 seventeen years. So he got there shortly after rent control started. 204 00:11:00.159 --> 00:11:01.919 He says, I was a young law student and I 205 00:11:01.960 --> 00:11:05.120 needed the rent control. I said, well, did you pass 206 00:11:05.159 --> 00:11:07.399 the bar, you're now a lawyer. I mean, did you 207 00:11:07.440 --> 00:11:09.440 ever consider moving? He says, well, I have a house. 208 00:11:10.200 --> 00:11:13.320 I bought a house years ago, about fifteen miles away, 209 00:11:13.480 --> 00:11:15.120 but this is close to the office and I want 210 00:11:15.159 --> 00:11:16.639 to keep it. And you know what that told me 211 00:11:17.399 --> 00:11:20.960 that rent control stops being about making sure that people 212 00:11:21.039 --> 00:11:24.279 who have the least can stay in their apartments, because 213 00:11:24.320 --> 00:11:26.440 that's what a rent control started at. Elderly people were 214 00:11:26.440 --> 00:11:28.440 being priced out of the apartments they had to leave, right. 215 00:11:28.519 --> 00:11:30.720 So it was supposed to help the old people, help 216 00:11:30.759 --> 00:11:33.440 the poor people. Right. So here this guy gets there. 217 00:11:34.519 --> 00:11:37.399 And also it really did rent Control did, in my mind, 218 00:11:37.919 --> 00:11:40.279 was switch the value of that property to this renter 219 00:11:40.519 --> 00:11:42.639 because it was cheap. He could keep it as a 220 00:11:42.639 --> 00:11:45.320 second residence close to his office. Well, he has his 221 00:11:45.360 --> 00:11:48.399 big house somewhere else that he drove to on the 222 00:11:48.399 --> 00:11:50.519 weekends or when he wanted to see his wife or 223 00:11:50.600 --> 00:11:55.080 family whatever. And the worst thing about it was his complaint. 224 00:11:55.879 --> 00:11:59.120 You know, the lady upstairs is making a lot of 225 00:11:59.159 --> 00:12:01.679 noise now. She moved way after him, which means because 226 00:12:01.679 --> 00:12:04.559 what happens with rank control as a house is vacated, 227 00:12:04.799 --> 00:12:06.799 it goes back to market. Right, So she's playing a 228 00:12:06.840 --> 00:12:10.360 ton more for her apartment than he is because he 229 00:12:10.480 --> 00:12:13.840 was in there on the beginning. He's getting the value 230 00:12:14.440 --> 00:12:17.559 of that of the increased housing costs because he doesn't 231 00:12:17.559 --> 00:12:19.559 have to pay the increased housing costs to keep that apartment. 232 00:12:19.639 --> 00:12:22.840 He that equity is transferred to him alone. Nobody's got 233 00:12:22.840 --> 00:12:26.080 the equity ruler out for this lawyer who doesn't need 234 00:12:26.120 --> 00:12:29.519 that apartment. That recontrol department and that and that happens 235 00:12:29.679 --> 00:12:33.120 all the time in these programs, corruption of fraud creeps in. 236 00:12:33.159 --> 00:12:36.759 That's why just let the market handle it. Let's not 237 00:12:36.799 --> 00:12:38.919 do reank control, Let's not do the crazy things that 238 00:12:38.960 --> 00:12:41.600 they want to do in New York. And let's let's 239 00:12:41.679 --> 00:12:44.759 not take people's property away from them. Let the market 240 00:12:44.960 --> 00:12:48.039 do it. Build some homes, reduce regulation, Let's build some homes. 241 00:12:48.120 --> 00:12:49.679 And we're probably going to get into a little that 242 00:12:49.720 --> 00:12:51.720 with my with my guests, because we're going to talk 243 00:12:51.720 --> 00:12:55.039 about homelessness and the causal factors for it. 244 00:12:55.080 --> 00:12:55.639 But you know, I. 245 00:12:57.759 --> 00:13:00.240 Have to send some of my prayers and thoughts were 246 00:13:00.240 --> 00:13:02.120 to the New Yorkers, given that these are the kind 247 00:13:02.159 --> 00:13:06.120 of people they're putting in charge in New York City. 248 00:13:06.440 --> 00:13:10.120 But let's let's bring up our our guest and and 249 00:13:10.159 --> 00:13:10.879 we'll let him. 250 00:13:10.720 --> 00:13:11.360 Talk a little bit. 251 00:13:11.639 --> 00:13:16.600 This doctor Christopher Elton from the Independent Institute. I always 252 00:13:16.679 --> 00:13:19.559 let my guest talk about my lead segment. Well, I'm 253 00:13:19.559 --> 00:13:21.159 sure you've got some comments about. 254 00:13:21.000 --> 00:13:25.039 Rint control and people listen on property. What what do 255 00:13:25.080 --> 00:13:25.399 you think? 256 00:13:26.080 --> 00:13:28.320 Well, rint Control has always admit a disaster. This is 257 00:13:28.360 --> 00:13:30.360 nothing new. This is what drives me crazy about these 258 00:13:30.440 --> 00:13:33.840 leftist policies is they try You know, the definition of 259 00:13:33.879 --> 00:13:35.840 insanity is doing the same thing over and over again 260 00:13:35.879 --> 00:13:38.919 and expecting different results. And that's exactly what they do. 261 00:13:39.080 --> 00:13:41.320 Rint control is not a new policy. We can I'm 262 00:13:41.320 --> 00:13:43.120 a historian, right, we can look back at history say 263 00:13:43.240 --> 00:13:45.240 what was the effect of it in the past. Did 264 00:13:45.240 --> 00:13:48.720 it work or did it have negative unintended consequences? And 265 00:13:48.840 --> 00:13:51.919 every single time it did, right, Rents go up under 266 00:13:51.960 --> 00:13:54.559 rent control because, as you said, when people vacate, rents 267 00:13:54.600 --> 00:13:56.879 go back to market rates, and those market rates are 268 00:13:56.919 --> 00:14:00.799 now higher because people aren't building new apartments as much 269 00:14:01.120 --> 00:14:05.320 because of the rent control laws, right, So we're increasing scarcity. 270 00:14:05.720 --> 00:14:08.039 And so when they do get to adjust, they adjust 271 00:14:08.399 --> 00:14:11.240 by larger margins, they adjust upwards. So you do have 272 00:14:11.320 --> 00:14:14.559 a small group of beneficiaries who benefit that, and even 273 00:14:14.679 --> 00:14:18.320 that's a minor benefit in many cases, because landlords start 274 00:14:18.360 --> 00:14:21.080 neglecting the properties because they're still trying to eke out 275 00:14:21.080 --> 00:14:23.799 a profit when they can't raise rents as they need to, 276 00:14:23.799 --> 00:14:26.039 they still have maintenance costs. In the seventies, who saw this, 277 00:14:26.080 --> 00:14:27.480 it was a thing. I can't remember what year it was, 278 00:14:27.519 --> 00:14:29.399 but there was a famous world series I think in 279 00:14:29.399 --> 00:14:32.399 the late seventies where there was an aerial shot of 280 00:14:32.440 --> 00:14:36.200 the stadium Yankees or Mets, whichever one it was, and 281 00:14:36.279 --> 00:14:38.639 you could see a building burning in the background. It 282 00:14:38.639 --> 00:14:41.679 was an apartment building. And this was taking place commonly 283 00:14:41.679 --> 00:14:44.960 there because of New York's rent control laws, where landlords 284 00:14:45.000 --> 00:14:47.480 were committing arson on their buildings for the insurance money, 285 00:14:47.720 --> 00:14:51.639 because they were losing their shirts on these rent control policies, 286 00:14:51.679 --> 00:14:54.440 because they couldn't raise rents and they still had to 287 00:14:54.639 --> 00:14:57.480 harbor all of these costs for maintaining their buildings, right, 288 00:14:57.559 --> 00:14:59.799 So it's always been a disaster. It was actually in 289 00:14:59.840 --> 00:15:02.759 a an economist around the same time, I can't remember 290 00:15:02.799 --> 00:15:05.399 the name of them, but in the seventies who took 291 00:15:05.440 --> 00:15:08.559 pictures of cities that had been bombed during the war 292 00:15:08.799 --> 00:15:11.519 and took pictures of cities that had rent control policies 293 00:15:11.679 --> 00:15:14.159 and put them side by side and would ask his 294 00:15:14.279 --> 00:15:17.399 students to pick out which one was which. And you 295 00:15:17.440 --> 00:15:20.639 couldn't tell, right, because they were just so destroyed by 296 00:15:20.639 --> 00:15:24.080 these policies, the neglect that rent control forces on landlords. 297 00:15:24.159 --> 00:15:25.679 So they've always been a disaster. 298 00:15:27.080 --> 00:15:30.200 Yeah, I think in my example, so here there's not 299 00:15:30.240 --> 00:15:32.360 even a means test, right, So, I mean, if you 300 00:15:32.440 --> 00:15:34.799 want to help people who have the least and let 301 00:15:34.879 --> 00:15:37.559 them have controlled rents. And my example, Yeah, when the 302 00:15:37.600 --> 00:15:39.960 guy was a young student, all right, maybe he needed 303 00:15:39.960 --> 00:15:41.919 a little rent control. But you know now that he's 304 00:15:41.919 --> 00:15:44.240 a practicing attorney, he's making money, he's got a house 305 00:15:44.240 --> 00:15:46.200 somewhere else. Why does he get to stay in a 306 00:15:46.240 --> 00:15:48.639 rent control department? So there's no's you don't even have 307 00:15:48.679 --> 00:15:49.639 a means test to it. 308 00:15:49.720 --> 00:15:49.960 Right. 309 00:15:50.320 --> 00:15:53.120 He gets to keep the equity increase by staying there. Right, 310 00:15:53.159 --> 00:15:55.200 he gets to hold the value of the grease. He's 311 00:15:55.240 --> 00:15:58.120 in a neighborhood that people want to be in because 312 00:15:58.159 --> 00:16:00.679 it's the entertainment area. He wants to keep it there. 313 00:16:00.919 --> 00:16:03.879 He wants nobody to make any noise around him, right, 314 00:16:04.159 --> 00:16:06.639 he controls all of that. He could just leave, But no, 315 00:16:06.840 --> 00:16:09.519 I can't give up my rent control apartment because I 316 00:16:09.519 --> 00:16:11.919 am entitled to it. That's the other thing that bothers 317 00:16:11.960 --> 00:16:14.440 me about people in rentrol. I am entitled to this. 318 00:16:14.440 --> 00:16:17.120 This is mine, And that is the same attitude that 319 00:16:17.120 --> 00:16:18.639 they're fighting against with landlords. 320 00:16:18.919 --> 00:16:20.480 You're not entitled to more money. 321 00:16:20.279 --> 00:16:23.399 Right, and yet they're entitled to the equity of that property. 322 00:16:23.519 --> 00:16:23.639 Right. 323 00:16:23.679 --> 00:16:24.679 That just drives me crazy. 324 00:16:24.679 --> 00:16:25.200 What do you think? 325 00:16:25.519 --> 00:16:27.960 And you mentioned the corruption too. One other story I 326 00:16:28.000 --> 00:16:30.639 like to tell about rent control Islie Charlie Wrangell, the 327 00:16:30.679 --> 00:16:33.399 representative Charlie Wrangle in New York would use a rent 328 00:16:33.399 --> 00:16:37.559 control department as his office. Right, So this absolutely gets 329 00:16:37.600 --> 00:16:43.679 captured by corruption, their abused policies. Argentina, after Melee took office, 330 00:16:43.919 --> 00:16:46.759 they did away with rent control and rent dropped precipitously, right, 331 00:16:46.799 --> 00:16:50.240 so we see both effects. Rent control absolutely has the 332 00:16:50.279 --> 00:16:53.519 opposite effect of its intent, of its intentions, And that's 333 00:16:53.519 --> 00:16:56.080 what Milton Friedman said. One of the biggest mistakes you 334 00:16:56.120 --> 00:16:58.759 can make is to judge policies by their intentions rather 335 00:16:58.759 --> 00:17:01.240 than their effects. When we judge control by its effects, 336 00:17:01.600 --> 00:17:02.759 you can't support it. 337 00:17:04.240 --> 00:17:05.799 I love Milton Freeman. I knew this would be a 338 00:17:05.799 --> 00:17:06.440 fun discussion. 339 00:17:06.480 --> 00:17:10.279 You know. Yeah, it creates scarcity, is what it does. 340 00:17:10.400 --> 00:17:12.279 Right there. What's the incentive for building. 341 00:17:12.000 --> 00:17:14.039 More artificial scarcity? 342 00:17:14.440 --> 00:17:15.599 Artificial scarcity? 343 00:17:15.640 --> 00:17:19.720 And then they have to, you know, force builders to 344 00:17:19.759 --> 00:17:22.359 develop low income housing. You know, if you want to 345 00:17:22.400 --> 00:17:24.359 build this luxury one, you have to build ten units 346 00:17:24.359 --> 00:17:27.039 that are loan. So we do all these stupid policies 347 00:17:27.079 --> 00:17:30.279 that just just exacerbate the problem. But hey, we're here 348 00:17:30.319 --> 00:17:32.720 to talk about homelessness. And you know, before we get 349 00:17:32.759 --> 00:17:35.680 into this, I want people to understand. Now I'm a 350 00:17:35.680 --> 00:17:38.000 fan of the Independent Institute, and I want to give 351 00:17:38.039 --> 00:17:40.119 you guys, you a chance to talk about the institute 352 00:17:40.119 --> 00:17:42.839 where you work at. You're a fellow there, right, and 353 00:17:43.160 --> 00:17:46.039 you're a doctor, so a good doctor, a PhD. And 354 00:17:46.240 --> 00:17:48.519 explain the Independent Insuit and what you guys do. 355 00:17:49.559 --> 00:17:52.799 Right. So, we are a think tank devoted to peace 356 00:17:52.839 --> 00:17:56.839 and prosperity. I often describe as classically liberal, where free 357 00:17:56.880 --> 00:18:00.680 market anti war is usually the explanation I give to people. 358 00:18:00.680 --> 00:18:03.240 That's not our official elevator pitch, but I think that 359 00:18:04.319 --> 00:18:07.240 summarizes kind of where we stand on on most issues. 360 00:18:07.279 --> 00:18:10.279 So we can you know, we're opposed to foreign interventions 361 00:18:10.319 --> 00:18:16.000 and foreign conflicts. We strongly favor private property rights, free trade, 362 00:18:16.799 --> 00:18:19.920 and very nonpartisan. You look at our stuff, you're going 363 00:18:19.960 --> 00:18:23.319 to find stuff critical of Republicans and Democrat policies. 364 00:18:23.440 --> 00:18:23.640 Right. 365 00:18:24.200 --> 00:18:27.160 We don't. We don't favor one side or the other. 366 00:18:27.279 --> 00:18:29.720 We stand by our principles and so you will find 367 00:18:29.720 --> 00:18:31.799 that from us, very very very consistently. 368 00:18:32.480 --> 00:18:35.200 Well, you know, I've I've read several of your policy positions, 369 00:18:35.200 --> 00:18:38.000 not yours, in particular, but the institute position, and I agree, 370 00:18:38.240 --> 00:18:42.279 there's I disagreed with their your opinion on autoplating automated 371 00:18:42.319 --> 00:18:44.440 isolate reader, there's probably another guy that wrote that article 372 00:18:44.440 --> 00:18:47.680 because I'm a fan of yeah, if it's done, if 373 00:18:47.720 --> 00:18:49.960 it's done right, and I was a big fan of that, 374 00:18:50.079 --> 00:18:53.240 and I would love to use that technology to make 375 00:18:53.359 --> 00:18:54.000 LA safer. 376 00:18:54.079 --> 00:18:56.000 But a lot of people are getting in a way 377 00:18:56.039 --> 00:18:56.279 of that. 378 00:18:56.920 --> 00:18:58.680 I mean, I'm out of the business now, I'm retired, 379 00:18:58.720 --> 00:19:01.000 but that I just saw it as a possibility. I 380 00:19:01.039 --> 00:19:03.400 travel with the London saw it. But I think you 381 00:19:03.400 --> 00:19:05.440 can put controls in place to make it a little better. 382 00:19:05.480 --> 00:19:08.559 But then on this one, you know, on homelessness, and 383 00:19:08.839 --> 00:19:10.880 I think the drug laws, I think I read some 384 00:19:10.960 --> 00:19:15.599 articles about that as well. I probably line a lot 385 00:19:15.640 --> 00:19:18.000 closer with you, particularly on this housing first stuff, because 386 00:19:18.000 --> 00:19:19.920 I've seen how it hasn't worked. So I read your 387 00:19:20.000 --> 00:19:22.240 article and I said, I got to interview this guy, 388 00:19:22.319 --> 00:19:24.519 so let's give Let's give a little bit of your 389 00:19:24.519 --> 00:19:27.880 background and then we'll get into So tell us about 390 00:19:28.480 --> 00:19:31.519 doctor Christopher Calton. Did I say it right as a 391 00:19:31.559 --> 00:19:32.440 Calton or a Culton. 392 00:19:32.599 --> 00:19:34.720 It is Calton. Nobody ever says it that way, but 393 00:19:34.759 --> 00:19:36.759 that's that's how I pronounce it. So you're I think 394 00:19:36.759 --> 00:19:40.200 the first person outside of my family to do that 395 00:19:40.240 --> 00:19:43.039 without without me telling them. But yes, Calton is how 396 00:19:43.079 --> 00:19:45.559 we pronounce it. Everybody else pronounce it Carlton. I don't. 397 00:19:45.599 --> 00:19:49.240 I don't usually correct them. We get Carlton sometimes in 398 00:19:49.279 --> 00:19:51.519 the South, which is where I grew up, Carlton, and 399 00:19:51.599 --> 00:19:56.519 so I'll correct that. But uh yeah, So I my 400 00:19:56.599 --> 00:20:00.160 PhD is in history. I actually studied business history or 401 00:20:00.160 --> 00:20:03.039