And what I want to do, and this is your vision, this is executing your vision to put it toward affordable housing, building more housing for those who want to live here. And ultimately, listen, my friends, We build more housing, we start stabilizing the rents. They don't keep going up, they start stabilizing, stabilize, and then they start going down. More supply, you build. I've seen this happen elsewhere, but also what we can do to improve the quality of life here for hard working New Yorkers like all of you in this room. (03:10–03:17)
CLAIM
Asserts that building more housing will stabilize and eventually reduce 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.
