Kathy Hochul
Kathy Hochul is the Democratic governor of New York, in office since 2021.
“It is extreme frustration with the cost of everything going up, the knowledge that no matter how hard you work, you play by the rules, you'll never be able to have what your parents and grandparents had, which is the possibility of owning your own home.”
Odd Lots · Money & Markets · July 2026
Context
Asked on Odd Lots why Democratic Socialist candidates have been winning primaries, Hochul gives her explanation. She goes on to describe her housing and energy-rebate proposals.
Transcript
…I said, this is not good politics for you. You're going to lose in Republican areas because of these tariffs and inflation and all these costs of living going up. So they're interesting conversations. I think it's always good to have the door open line of communication, but always will stand up for
…have like a main theory of why we see this finance expansion out of New York? And would you say one of your goals would be to grow New York's market share in terms of the finance industry or the share of jobs that we have in this space? Of course it is. And why do we see this expansion elsewhere?
…that's all these businesses ask for. I'm going to do a complete 180 from financial services to Democratic socialists. But, you know, we had Zorin Mamdani on this podcast before. And since then, it seems like the Democratic Socialists have racked up a number of wins. What do you think is going on here? Like, what is the appeal of that particular message? And how much of it do you yourself share? It is extreme frustration with the cost of everything going up, the knowledge that no matter how hard you work, you play by the rules, you'll never be able to have what your parents and grandparents had, which is the possibility of owning your own home. To hear the statistic a few months ago that the average age of a first-time homebuyer, if you're lucky enough to have a home at all, went from 30 to 40 in just a few years. Look how long that milestone that everybody else counted on before this generation, how long it's going to take. To me, that hurts people. And I'm a mother of young people, and I see the struggles they have, whether it's with…
I'd love to have you back sometime just to talk three hours about housing because it does feel like the issue that we could explain expansion into other cities by these big companies, et cetera. There's a million angles on housing. One specific thing, think about young people, is one specific thing…
I think it's more indicative of what's going on here in New York City. Statewide property taxes have been too high, but there's not a disparity in that treatment that you're describing. So, that is something that the city council would have to deal with specifically. But the larger question is: I…
best city in the world.
More from Odd Lots
