You are now competing geographically in a way you never did before. As I said, I was the HUD secretary. I worked with cities all across the nation. You now have cities competing. New York is competing with Texas, with Florida, South Carolina, and people will shop economics. And if New York City is too expensive, crime is a problem. Quality of life is a problem. You lose the competition. (05:02–05:13)
CLAIM
Asserts that New York is in economic competition with states like Texas, Florida, and South Carolina.
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