Earlier quoted context omitted.
Sure, Thiel is identifying some of the same problems, but the solutions he's proposing are basically the opposite of the ones Mamdani is. Unsurprisingly, he's proposing solutions that benefit billionaires rather than everyone else (e.g. just les us build whatever wherever we want, of course we'll build cheap housing that brings property houses down! Who could ever imagine we'll build luxury mansions that keep propert…
More housing, regardless of type, is directly correlated to cheaper average rents [0]. So Thiel is right in that regard, the red tape for construction and opposition from NIMBYs must be curtailed. [0] https://www.journals.uchicago.edu/doi/full/10.1086/733977
The question is if it is enough - and I would be quite certain it's just a band aid. Unless you impose the construction of cheap housing, cheap housing will tend to not get built - almost every interest is opposed to it.