A lot of these big financial institutions came in and swooped up the houses, bought them, needed to leave there, lit there, hadn't had any time to build up savings. So what did Cuomo say? She said, We need to build more houses first because that will lower the cost with more competition. and here's how I'm going to build 3 million houses. Then she said, we ought to give people help in making down payments and deductions for rent, payments on mortgages they otherwise couldn't afford, and we'll settle this thing down and make more affordable housing. (13:33–13:42)
CLAIM
Asserts that building more houses will reduce housing costs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
