Months ago, I heard some young family member observe that their parents generation, the baby boomers, could afford to buy a home when they first entered the workforce. But I don't know, this person observed, if I'll ever be able to afford a home. The absurd cost of housing is the result of so many failures, and it reveals so, so much about what's broken in Washington. I can tell you exactly how it happened. Wall street barons crashed the economy, and American builders went out of business. As tradesmen scrambled for jobs, houses stopped being built. (24:46–24:56)
CLAIM
Asserts that high housing costs are due to failures in Washington.
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.
