The only way to bring rents down is to increase supply. You have a 1% vacancy rate in housing. Forget the gimmicks. Build more affordable housing. Get it done. Competent government. You need 500,000 units to really increase the supply [of housing]. Where you're going to see rents drop, which means we have to have hundreds of projects ongoing and an efficiency in government we haven't seen in a long, long time. (06:09–06:15)
CLAIM
Asserts that 500,000 housing units are needed to significantly increase supply.
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