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Ezra Klein: “I think of California having a big downturn in rents.”

Featuring: Ezra Klein, Liberal | New York Times Columnist and Podcast Host | National

How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show

Published December 10, 2025 | Video Starts at 37:33

Austin, Austin solving now a big downturn in terms of cost because of some of the overbuilding. But it's interesting, listen, I think of California having a big downturn in rents. I think that would be a welcome change of problem. I get it. But no, no, we have to build more housing. Genuinely serious. I've seen how many bills you've passed. (37:33–37:37)

CLAIM

Suggests that California is experiencing a significant decrease in rent prices.

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.

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Ezra Klein

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“That is up from $10.7 trillion a decade earlier.”
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“The amount held by the bottom 50% increased to 4.2 trillion from 900 billion.”
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