Gavin Newsom: “The California housing crisis has been ongoing for decades…”

“That's their retirement. If you try to bring housing prices down, well, now this person's mad. I get it. But if it doesn't change, we're screwed. There's no getting … The California housing crisis has been ongoing for decades due to supply-demand imbalance, NIMBYism, and localism. … Now it's one. Now it's across the board, all across the United States, people are feeling those pressures. And that's why I think, as you brought up Ezra Klein a moment ago, we had him on the podcast too.” (34:03–34:08)

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.