Well, guess what gives you some legs that first year to get up underneath you and puts it back in the range. Transparency on regulation out of Lansing in the last decade, 20, $25,000 in new regulatory costs for every house. For every thousand dollars that goes up, 3,200 Michigan families can't afford it. And then the last bit of that is I'll use Detroit as an example. They have 120,000 lots in Detroit, vacant lots. (23:04–23:10)
CLAIM
Asserts that for every $1,000 increase in housing costs, 3,200 Michigan families are priced out.
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