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California Forever CEO Explains Plans to Build a New Community | Pivot

May 01, 2024 / 27:12

This episode features Yan Shamak, CEO and founder of California Forever, discussing the development of a new community in Solano County, California. Key topics include housing shortages, community planning, and investor motivations.

Yan explains that California Forever has acquired 62,000 acres in Solano County to build a complete community, addressing the housing crisis in the Bay Area. He emphasizes the need for walkable, affordable neighborhoods that cater to working families.

Scott and Yan discuss the challenges of introducing the project to the community, including concerns about the influence of wealthy investors and the potential for new governance models. Yan clarifies that their focus is on creating housing opportunities rather than imposing a tech-driven vision.

The conversation touches on the historical context of city planning in America, citing successful examples like Savannah and Philadelphia. Yan believes that the project can revitalize Solano County, which has lagged behind in economic growth.

Finally, Yan shares insights on the support from local and federal governments, highlighting the importance of community buy-in for the project's success.

TL;DR

Yan Shamak discusses building a new community in Solano County to address California's housing crisis and promote affordability.

Video

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Yan shamak is the CEO and founder of
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California forever his company with the
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help of some Silicon Valley billionaires
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has acquired 62,000 acres in Solano
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County California which is north north
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and slightly east of San Francisco over
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the last few years with a goal of
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building a new community so we've wanted
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to have you on for a while we have so
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many questions SC Scott particularly has
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a lot of questions but there's been a
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lot of mystery around California forever
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I I need you to explain exactly what
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you're planning and I and I get a sense
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of why it was Secret at the beginning
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because you're buying up about 62,000
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acres in this area Northeast of s just
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Northeast of San Francisco um centered
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in you know in Solano County um so talk
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a little bit about what you're doing for
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people who don't know we are trying to
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get California to build again uh and
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solve this problem that we have um it's
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still the center of innovation it's
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still this economic engine for the whole
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country but it's the first time in the
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history of the country where people are
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moving out of a place like that um and
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we're doing that by building a new
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community in Solano County about an hour
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North of San Francisco uh and in some
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sense this should be the um this is the
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oldest kind of business model um in the
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world we run out of houses we should
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find some land um that is not prime
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Farmland that is not sensitive
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ecological habitat and build a complete
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Community there and then I think what's
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different is we know not building a
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subdivision we're building a complete
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community and so we're building
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something that someone who grew up in an
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old neighborhood like noi Valley or the
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marina built 100 years ago recognize a
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complete Community with homes and
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apartments and schools and shops and
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jobs and churches um and uh we believe
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that this can be a really unique
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economic engine for Solano County which
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is a part of the Bay Area that has been
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left out of the prosperity that that's
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happened here over the last 20 years so
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most cities just happen you know you
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know they just sort of occur and then
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and then cities build on top of cities
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right that's the whole concept is like
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Rome has 10 different versions of itself
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depending on the era creating something
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of nothing a lot of cities that do this
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in the history have not worked out well
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Brazil you I was thinking lots of
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different things have they've been
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trying to create the perfect City why
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did you besides California needs more
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housing which obviously is is a big deal
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um why do you think it'll work by just
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creating it out of nothing where people
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weren't naturally going to build
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themselves or settle themselves I mean I
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I think that first of all it's a
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um I mean in
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America it's it's a fairly Young country
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right and so almost all cities are new
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cities and we have really good examples
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of cities that were started by a person
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or a company that turned out to be
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spectacular some of our most beloved
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cities in America were started this way
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I mean Savannah Georgia um Philadelphia
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um Irvine in Southern California we have
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a lot of really good examples of places
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that were basically started by a company
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um and I think what's um the other part
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of it is we building in an area that
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actually people have said before should
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be built uh the US Commerce Department
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um the US Army Corp of Engineers the
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association of Bay Area governments all
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said in the 50s 60s 7s that sometime in
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the 2020s we are going to run out of
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space in the Bay area and we should
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build some were and they all concluded
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that this was basically the best place
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to build that by that point we will have
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run out of space in the inra area and
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this would be a really good place to
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build and so there's a lot of precedent
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for why this would happen and I think
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the cities that have
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um the plan cities that have failed I
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think they failed for two reasons and I
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spent I spent two years before I started
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working on this kind of going back and
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reading the history of all of these
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projects Brazilia and all and every
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project that you can that you can name
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and I think they failed in one of two
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ways I either people were building them
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in a place where there was no demand
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which is not the Bay Area or the
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developers came in with some kind of
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singular Vision they were going to
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impose on the city and it's going to be
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this perfect kind of um master plan and
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and our approach to it is very very
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different our approach to it is very
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similar to how a place like San
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Francisco or New York were built or
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indeed kind of locally Rio Vista or
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bisha Ojo which is you lay down a street
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grid and um you do a really good job
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doing that and then you think of the
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city as a platform and it's it's you
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don't say the houses are going to be
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beige and they're going to have these
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windows and this is where the
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residential is going to go and this is
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where the um the small houses will go
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and this is where the big houses will go
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instead you do the bare amount of
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correct planning in the beginning and
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then we let the city kind of emerge out
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of that and a lot of different people
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and Builders and Architects and
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companies and residents come and they
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build their lives and and I I think
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cities are this unique invention that we
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have where particularly in the society
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that we live in today and it's uh it's
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it there there's challenges now but I
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think cities are still the place where
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people with a lot of different values
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can come together and build something
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really special and out of that
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disagreement and CH chaos and conflict
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something really special emerges and
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that's what we trying to do here Scott
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and IU so I I want to try and if I can
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describe the tension around what I think
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I think some of the tens you're facing
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or the questions so when I first heard
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about this I love the idea of of
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creating massive housing such that young
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people finally have their shot right I
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think that uh slowly but surely
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homeowners have weaponized local
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governments to restrict housing permits
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and the American dream if that's buying
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a home is increasingly sequestered from
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young people so I like the Innovation I
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like the idea that they're doing
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something similar in Florida where
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they're incorporating a city tons of new
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housing units I love that
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the the thing I think that sent chill
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down my spine or chills down my spine
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when I was when I read some of the
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comments from bellagi
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shavasan
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and is I I think people are worried that
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is this this new techno Neo neol
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libertarianism where people who are very
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blessed want to start their own want to
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basically secede from the nation and
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want to create their own government want
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to create and you know everyone has the
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right to create local politicians but I
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guess this is my question is is this
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rooted an opportunity for young people
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that haven't participated in the spoils
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that a lot of these people have enjoyed
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or is it a vision for a different type
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of society which quite frankly just
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makes me very kind of scares me a little
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bit can you can you walk us through that
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I'm going to just put some update for
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for Scott was just referring to former
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andri and Hood's partner uh sky is
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calling for something like Tech Zionism
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he said his vision is to ethnically
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cleanse San Francisco of liberal
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he has some scheme around colored shirts
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that people wear it's demented actually
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but a lot of tech people are trying to
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take over San Francisco government with
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donations and their own mayal candidates
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which is their right to do so although
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some of the things that pop out of their
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mouth are just so heinous and stupid at
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the same time which is very hard to do
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um so talk about this because a lot of
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people feel like given some of the
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investors which I think does include
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Mark andreon uh who is a big backer of
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apology um California forever connection
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to a movement that wants to build a
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place where Tech Elite can live under
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their own rules or or the idea that
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you're trying to do a different kind of
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governance new kinds of governance and I
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know Mike Moritz who has been an
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investor has talked about that the idea
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of a new kind of governance
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so perhaps separate yourself from that
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or not or just say what we're trying to
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do here is yeah no I mean I think we're
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not trying to do any of that and I think
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there's a lot of baggage that Tech has
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created in building new cities that
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unfortunately we at the receiving end of
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it but um my interest in this from the
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beginning was um very simple I I really
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care about the built environment I I
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really think that walkable dense places
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um are special I think walkable cities
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have amazing impact on um this the sense
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of community and creativity and human
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health and uh knowing your neighbors and
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all of these things and so for me the
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primary interest has always been how do
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we build more housing so there's more
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opportunity and then how do we make the
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place walkable because if you look at
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these old neighborhoods um like big
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pants of San Francisco or Georgetown or
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the West Village um it's clear that a
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huge proportion of Americans love them
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but they've become these Oasis for the
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rich because we've stopped building them
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and so these walkable communities today
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Working Families just can't afford them
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and so for me it was about building a
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place like that I have very little
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interest in innovating on um in
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particular two things that Tech has done
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and the first one is does this um Tech
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libertarian kind of um floating cities
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um Network States and so on I have zero
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interest on any of it um Balaji is not
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an investor um and um there's also this
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kind of smart City component of it what
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some other people have tried to do and I
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have zero interest in that as well I
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mean we building a place that actually
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is from that perspective really really
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boring um we're building a place where
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if all we did was build a great
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combination of some of these old
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neighborhoods I mentioned like noi
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Valley and Marina and Mission and West
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Village and P of Philadelphia and
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Georgia Sav Georgia moreable correct
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more affordable absolutely because
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because we they are expensive because we
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don't have very many of them if all we
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did over the next 30 or 40 years was
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build something that people looked at in
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50 years the way that they look at those
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places I would be over the moon we don't
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need to do anything but you are going to
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get saddled with that Tech thing given
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some of your investors you know they're
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very among the wealthiest people on
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Earth so it and you know some of them
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are have their nonsensical I'm moving to
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Australia some of them I'm going to go
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in space like you that's the Jeff Bezos
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thing the floating city that's his dream
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of the world um of course in sci-fi
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that's always a bad dream for most
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people and a good dream for rich people
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um so you you're going to carry that
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baggage no matter what like no matter
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what given your investors right one two
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they they feel um anti-democratic in a
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lot of ways so presumably the governance
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here even when Mike and I happen to like
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Mike Moritz um talking about new kinds
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of governance presumably democracy is at
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the center of that correct it's not
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what's a new kind of governance I don't
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even there's I think what what Mike was
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referring to I think what Mike was
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referring to in that email I think it's
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an old email from 2017 um was new kinds
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of governance when it comes to making it
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easier to build I see the thing that
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we've been obsessed about since the
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beginning is why does it take two years
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to get a permit to build a small
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apartment building in San Francisco I
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sat at a door it took me forever in San
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Francisco but go ahead exactly exactly
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and so if you look at the ballot measure
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that we proposed the only Innovation I
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mean it's a 80 page ballot measure and
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the only innovational governance that's
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in it the only one is it says it should
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be easy here to build buildings we're
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going to do an environmental impact
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report on the whole Community we're
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going to study all of the impacts going
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say important because it's San Francisco
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yeah
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exactly and we said as long as you
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building something that fits in here you
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should be able to get a building permit
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in 60 days and so that's the only kind
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of governance Innovation that we have
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but the governance is democracy correct
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I mean it's not like you're not going to
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innovate on some let's have a king or
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let's have you know Mark indre to be
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king for a day or whatever let's not
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have him be a king any day but um when
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you when when you were doing this at the
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beginning you had to be very secretive
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and obviously there was a lot of back
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and forth with local land owners
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um did you talk about why you did it
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that way presumably because you didn't
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want the prices to go up like crazy like
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oh rich people are here with their money
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bags and um uh you you also um uh filed
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a lawsuit against accusing 40 Solano
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farmers are price fixing their land
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which they've denied so talk a little
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bit about that because you got to get
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the support of the community moving
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forward too and the elected officials
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that are there
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now yeah I mean on the on the buying the
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property quietly um we we've done the
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same thing that um for example Disney
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did when they were buying the property
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in Florida for for Disney World which um
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it's just standard practice I think for
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us it was partially about the prices but
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it was also we felt that you could
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design a really great Community here but
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someone had to basically control a large
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amount of the land so you could place
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things correctly for example one of the
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things that we did is um in the ballot
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measure is we doubling the security
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buffer around the Air Force Base here
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and we would not be able to do that if
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there were 40 different land know as
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trying to build a project in the
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community so that was part of it and
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then um people don't know there a Big
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Air Force Base nearby for people right
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exactly um which by the way one of the
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biggest challenges for the Air Force
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Base number one the people who work
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there are struggling to afford to live
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here and number two their spouses often
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commute one and a half hours every day
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to paloo because there's very few jobs
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here and so we've had an amazing
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response from many of the people who
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serve on the base saying you know what
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actually this is the best thing that's
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happened to the base um and then on the
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lawsuits I mean the main thing I would
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say is is we've settled the majority of
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them um there was a recent ruling in the
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case from the court that basically said
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there is evidence that this happened um
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but we've been very reasonable on
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settling it and and uh we hope we'll be
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able to put that behind us soon so first
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off I find your comments really
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heartening um and I also want to point
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out that masking your identity when
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you're a buyer is common practice NYU
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does the same thing um because anyways
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for a lot of reasons you don't
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necessarily want the seller to know who
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you are get our greed glands going young
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people have been held out from the
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American dream of buying a home what do
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you envision what does Victory look like
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in 10 years out in terms of the price of
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the home the amenities you know paint
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the vision here for why this will be a
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net positive for society yeah
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affordability was a really big Criterion
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for us from the beginning and we
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designed the whole Community with that
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in mind and the biggest component of
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that is if you look at what Developers
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are actually building today we've
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basically stopped building starter homes
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and that's a big part of the problem if
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you talk to people who've bought a home
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in the Bay Area in the 70s or ' 80s or '
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90s their first home would be 1,000
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square F feet 1200 square ft kind of
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three three-bedroom one bathroom small
00:14:46
single family home and then they would
00:14:47
build equity and and they would grow in
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it and eventually trade up um for all
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kinds of reasons in the real estate
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business we've stopped building those
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homes um the community we have is UN the
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kind of we proposed is unusual in that
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um California has a standard that says
00:15:04
affordable by Design and what it
00:15:05
basically says is if you can build a
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walkable Community where you have grow
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houses and adus and small apartment
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buildings they can be affordable by
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Design you can actually build units that
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you can buy that are not de restricted
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um from the beginning and so I think we
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would have homes or apartments starting
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at probably
00:15:25
$400,000 um which even by Solano County
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standards is really affordable I mean
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you can't buy a new home here for
00:15:32
$400,000 and we we do that by really
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innovating on what we build and the
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density and then using the land much
00:15:39
more wisely um in a much more compact
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footprint so what you want to get this
00:15:44
built presumably correct what what what
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do you think the timing is on this and
00:15:50
how it's happening and is there a chance
00:15:52
it wouldn't happen and and and that it
00:15:54
could couldn't happen what do you need
00:15:56
to succeed to go forward certainly
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there's interest in more housing in
00:16:00
California that said a lot of people are
00:16:01
in fact moving back all those people who
00:16:03
insulted California on their way out are
00:16:05
now ai is back like there's there's a
00:16:07
lot of there's you can see it in San
00:16:09
Francisco and the in the Palo Alto area
00:16:11
there's real growth and you know Google
00:16:14
killed it this in the you know they
00:16:16
haven't moved anywhere you know there
00:16:18
there's other things so there's there's
00:16:20
a little more excitement around living
00:16:22
in California than there was a year ago
00:16:24
even or two years when a couple years
00:16:26
when you started this what is the
00:16:28
prospects of and what's your biggest
00:16:29
challenge and if you had to go back
00:16:32
and repair a mistake you made uh what
00:16:35
would it be yeah I mean first of all I I
00:16:37
started this eight years ago not two
00:16:39
years ago I've been I've been working on
00:16:40
this for eight years and so we've been
00:16:42
through the whole cycle in California of
00:16:44
excited people are leaving people are
00:16:46
coming back I think to your point of
00:16:48
people are coming back to California
00:16:50
that that makes the need for this even
00:16:52
more
00:16:53
preed because if the AI boom continues
00:16:56
and the salaries continue in in in the
00:16:58
bay area that's going to just increase
00:17:00
the pressure on the housing market and
00:17:01
it's going to be harder and harder and
00:17:03
harder for Working Families to stay in
00:17:05
San Francisco or or in in in paloalto uh
00:17:08
and so I think the AI boom is just
00:17:10
another huge reason for why um this
00:17:13
needs to happen because the bay area
00:17:15
needs more housing otherwise it's just
00:17:16
going to be an oasis of the rich um in
00:17:20
terms of what we would do differently I
00:17:22
I think we we would have liked to
00:17:24
introduce the project to the community
00:17:26
differently we were preparing for that
00:17:28
when Connor wrote the article we were
00:17:30
probably a month away from New York
00:17:32
Times Reporter yeah exactly we were
00:17:34
about a a month away from wanting to
00:17:36
talk about it um I I also wish that some
00:17:41
of the elected officials had kept more
00:17:43
of an open mind instead of condemning
00:17:45
the project in the beginning I think um
00:17:49
it's totally fair for people to say you
00:17:51
know this looks like a really big idea
00:17:54
I'm not sure it works but I'm going to
00:17:55
stay open-minded and I'm going to look
00:17:57
at it when there's more details I think
00:17:59
a lot of people rush to conclusions um
00:18:02
um without Merit and I think that's
00:18:05
particularly concerning when they have
00:18:09
presided over the situation getting
00:18:11
worse and worse and worse for Working
00:18:13
Families for the last 20 years and they
00:18:16
haven't been able to do anything about
00:18:17
it and I think we should be a bit more
00:18:19
open to Scott's point about new
00:18:20
Solutions because whatever is it that we
00:18:23
doing California is no longer working
00:18:25
for Working Families I don't think
00:18:27
anyone is disputing it yeah I think
00:18:28
that's a very good point I just think
00:18:30
when you're coming in hot with a lot of
00:18:31
rich people and you've already
00:18:32
experienced some of their behavior you
00:18:35
you you you don't trust them necessarily
00:18:37
even if it's a good idea um which I
00:18:39
think this actually is uh Scott do you
00:18:42
see this more as the folks who are
00:18:44
funding this and there's nothing wrong
00:18:46
with the profit motive but do they see
00:18:48
an opportunity to um find a place where
00:18:52
there's less owning requirements and
00:18:53
they want to be in the business of of
00:18:55
development or do they see this as an
00:18:57
opportunity and the two AR the two are
00:18:59
mutually exclusive a social ill how
00:19:01
important is it is it a new form of
00:19:03
governance or just bringing housing
00:19:05
prices down it when
00:19:07
you're like what are your investors up
00:19:10
to here what when they sit down with you
00:19:12
what does success look like for them
00:19:13
because these guys have enough well they
00:19:16
have enough money that's ridiculous they
00:19:17
I was want more money um what do you
00:19:19
think their objective is do they see see
00:19:21
this as a social good or do they see
00:19:23
this just as a great Economic
00:19:25
Opportunity I think it's both and I mean
00:19:26
we've been we've been very clear from
00:19:28
the beginning that it's a for-profit
00:19:29
investment and over the long run this
00:19:31
can be a pretty good investment it does
00:19:33
require kind of a 20-year um time
00:19:36
Horizon which is part of the reason for
00:19:37
why um I went to the people that I went
00:19:40
to to raise the capital it's much longer
00:19:42
term much more patient Capital um I
00:19:46
think for all of our investors it's a I
00:19:49
I started to say profit plus investment
00:19:51
and so if you look at the people who've
00:19:52
invested in it um they all have causes
00:19:55
that they really care about and I think
00:19:57
if you ask them I I can't speak for them
00:19:59
but um for someone like Loren Powell
00:20:03
jobs I mean a lot of her work has been
00:20:05
about Economic Opportunity and economic
00:20:07
mobility and sustainability and and and
00:20:10
whenever I talk to um um her or the team
00:20:14
those are the questions I get asked is
00:20:16
how do we make it more sustainable how
00:20:17
do we make sure that teachers can live
00:20:19
in the community how the way you build
00:20:21
it how do we make sure that um we have
00:20:25
that it's not a food desert how do we
00:20:26
make sure that there's really high
00:20:28
quality food available for kids in the
00:20:30
schools um when we talk to when I talk
00:20:33
to someone like um like like Reed
00:20:35
Hoffman uh I mean for him Reed is an
00:20:37
eternal optimist I mean he believes that
00:20:39
we can solve things he believes that
00:20:41
technology can solve them and he
00:20:42
believes that um a lot of the
00:20:44
Innovations coming out of the Bay Area
00:20:46
have really made the world better and so
00:20:48
he asks how do we make the opportunity
00:20:50
as broad as we can possibly make it um
00:20:53
for um someone like Nat Friedman or the
00:20:57
cison they are really passionate about
00:20:59
high quality walkable places and so we
00:21:01
talk about design and how do we make
00:21:03
this an amazing place um I think Mike
00:21:07
morit has been extremely invested in
00:21:09
improving things in the in the in the
00:21:10
Bay Area I mean um he spent hundreds of
00:21:14
millions of dollars in philanthropy in
00:21:15
San Francisco trying to make it better
00:21:17
and um
00:21:20
so uh when I talk to Mike it's about how
00:21:23
do we create homes that people who work
00:21:26
in the Bay Area can afford and and how
00:21:28
do we make
00:21:29
the last discussion I had with Mike
00:21:30
about can we help nurses be able to live
00:21:33
here instead of flying here from Idaho I
00:21:35
mean that started to happen it's so
00:21:37
expensive to live here the nurses are
00:21:38
flying from Idaho
00:21:41
yeah yeah I think it's you know I think
00:21:44
it is easy to be suspect of some some of
00:21:46
the people um and and intentions of them
00:21:49
from the get-go um because of but you
00:21:53
know I think a lot of I think that at
00:21:54
the heart of the good part of it is
00:21:56
believing in California and you know one
00:21:59
of the reasons I call my book a tech
00:22:00
love story is cu I do believe in the
00:22:02
great possibilities and I hate what
00:22:04
they've done to the place so why don't
00:22:05
they use the better parts of their
00:22:07
nature to do things which is um I'm glad
00:22:09
to hear you saying it's not going to be
00:22:10
some demented I hate I hate the term I
00:22:12
hate the term I found the term
00:22:14
internally and U I mean if I if I can
00:22:17
cities aren't smart that's why they
00:22:19
exactly exactly and and if I can just
00:22:21
comment on the investors you
00:22:23
know I I think when I started working on
00:22:25
this in 2016 there was this popular
00:22:27
narrative that um kind of venture
00:22:30
capitalists and billionaires in general
00:22:32
are wasting the capital they have
00:22:35
investing in Dumb messaging gaps and
00:22:37
they should really do something in the
00:22:38
in the real world to make life better
00:22:40
for working families and then three or
00:22:42
four years ago during Co the popular
00:22:44
narrative was how dare all of these
00:22:47
people who've made their Fortunes in
00:22:48
California take the money and go to
00:22:50
Texas and go to Florida and just take it
00:22:53
away and I think we found a group of
00:22:55
people who really believe in California
00:22:57
who really want to down and they did
00:22:59
exactly what people have been calling
00:23:01
for invest in hard things in the
00:23:02
physical world with an uncertain payoff
00:23:05
that requires 20 years patients and um
00:23:08
that doubles down on California and so
00:23:10
I'm really proud of um the cap table
00:23:12
that we have and I know why people um
00:23:15
kind of see this as controversial but
00:23:18
these are just people who love the Bay
00:23:20
Area and they wanted to work for
00:23:22
everyone last question Scott yeah I I
00:23:25
just want to say I I that's not even a
00:23:27
question it's just a that's a great
00:23:28
point and some of the people on your cap
00:23:30
table I do not think a great deal of but
00:23:32
I I think I think what you're doing here
00:23:35
assuming that you're being honest about
00:23:36
this you're exactly right they're not
00:23:37
going into space they're trying to make
00:23:39
the this place more habitable I I think
00:23:41
it's a really a really excellent point
00:23:44
what if you could if you could say
00:23:47
anything what is the level of
00:23:49
cooperation or
00:23:51
non-cooperation from either the state
00:23:53
government or the federal government do
00:23:54
they have they embraced this as as
00:23:56
another signal of innovation that'll
00:23:58
bring more people to California are they
00:23:59
suspect of it and feel threatened by it
00:24:01
you know the the state government and
00:24:03
the federal government is is not a
00:24:05
unitary body there's a lot of different
00:24:06
stakeholders in there but I think what
00:24:08
we've seen in general is people are
00:24:10
really excited um housing used to be a
00:24:13
priority for the California government
00:24:15
the the um to your point Scot it's
00:24:17
become a priority for the federal
00:24:19
government because house prices across
00:24:20
the country have just gotten so crazy in
00:24:22
the Last 5 Years and so what we've seen
00:24:25
is a lot of excitement from people
00:24:27
saying um boy if if you can get the buy
00:24:30
of the local community we would love to
00:24:33
help and so I think the opportunity for
00:24:35
Solano County which is which is a part
00:24:37
of the Bay Area that really has been
00:24:38
left out um um one data point that is
00:24:42
incredible in 2002 the average household
00:24:45
income in Solano County was 90% of the
00:24:48
rest of the Bay Area it was about $6,000
00:24:50
a household less over the last 20 years
00:24:54
it's the Gap has widened to 30% the
00:24:57
average household in County makes
00:24:59
$40,000 less than anyone else in the Bay
00:25:02
Area um and the county hasn't gotten its
00:25:04
fair share of employers it hasn't gotten
00:25:06
its fair share of um tax dollars
00:25:09
infrastructure dollars and so the
00:25:10
opportunity that we've seen from state
00:25:12
and federal government is to say if you
00:25:14
can get the buying of the local
00:25:15
community we would love to help and I
00:25:17
think there's a real opportunity to
00:25:18
bring a lot of state and federal funds
00:25:20
to Solano County um and and really make
00:25:23
this make the county better for the
00:25:25
people who live here uh and it's it's a
00:25:27
really special place I mean I I moved
00:25:30
here uh with my wife and two kids we
00:25:32
live here uh We've made so many friends
00:25:34
in the last year that we've been here
00:25:36
and I really care about uh it getting
00:25:39
its share of The Economic Opportunity in
00:25:40
the Bay Area and I think we have the
00:25:42
most credible plan to do that that's
00:25:44
been proposed here in the last 30 years
00:25:46
but what about the cows what about the
00:25:49
cows it's a the town one of the main
00:25:51
towns there was Vacaville which means
00:25:53
cille that's true you know we have uh
00:25:56
it's a good question I mean the
00:25:59
just don't let Christy know just bring
00:26:00
in christe she'll we will we going to
00:26:02
build an amazing place for the cows in
00:26:04
the green belt you you know what we
00:26:05
doing now uh we the community is going
00:26:07
on about a third of the land that we
00:26:09
building on on the rest of it we
00:26:10
building solar Farms it turns out that
00:26:13
the Sheep really like grazing underneath
00:26:15
the solar panels because they don't have
00:26:16
to stand in 105 degree heat in the
00:26:19
summer it's hot out in salano County um
00:26:21
much more than people realize how warm
00:26:24
it is in the out because the Bay Area
00:26:26
seems like a cooler environment you know
00:26:28
what's the most special thing about um
00:26:31
um designing this ride it turns out that
00:26:33
it's windiest in the summer and so if
00:26:35
you design the street grid correctly and
00:26:36
you Orient it correctly the wind can
00:26:38
cool it off kind of like it does in on
00:26:41
some of the islands for example in uh in
00:26:43
in take carabano or the Mediterranean
00:26:45
yeah it's a beautiful land out there I
00:26:47
love it out there I think it's so
00:26:48
beautiful well in any case Yan thank you
00:26:50
for coming on and answering questions
00:26:52
we'll be watching it carefully um you
00:26:54
know it's you're right you're 100% right
00:26:57
bugging them to do bigger things is what
00:26:59
I've been doing and this is definitely a
00:27:01
bigger thing and they're not building
00:27:03
space colonies so that's always a plus

Badges

This episode stands out for the following:

  • 60
    Best concept / idea
  • 60
    Most controversial

Episode Highlights

  • Building a New Community in California
    Yan shamak discusses the ambitious plan to create a new community in Solano County, aiming to address California's housing crisis.
    “We're trying to get California to build again.”
    @ 00m 49s
    May 01, 2024
  • The Challenge of Housing Affordability
    The conversation highlights the struggle for young people to enter the housing market and the need for affordable homes.
    “Young people have been held out from the American dream of buying a home.”
    @ 14m 06s
    May 01, 2024
  • Investing in California's Future
    A group of investors is committed to improving California's housing crisis, believing in long-term solutions.
    “These are just people who love the Bay Area and they wanted to work for everyone.”
    @ 23m 22s
    May 01, 2024
  • Economic Opportunity in Solano County
    The average household income gap in Solano County has widened, presenting a unique opportunity for investment.
    “There's a real opportunity to bring a lot of state and federal funds to Solano County.”
    @ 25m 17s
    May 01, 2024

Episode Quotes

Key Moments

  • California Forever00:03
  • New Community Vision00:49
  • Housing Crisis14:06
  • California's Challenges18:23
  • Investor Intentions19:21
  • Housing Crisis Solutions24:10
  • Community Commitment25:39
  • Sustainable Development26:00

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