So hopefully, projects like this will take us from housing scarcity to housing abundance. Abundance, because there's a reason why The average home price on Long Island is $800,000. That is stunning. The average cost of rent is now $3,000. It is all because of the lack of supply. And I know this because all you have to do is go up to a community like New Rochelle. (12:27–12:33)
CLAIM
Asserts that the average home price on Long Island is $800,000.
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