You want to bring down the cost of housing. Rent controls aren't the way to do it. The way to do it is increase the supply of what actually matters. Increase the supply of new home construction [to bring down the cost of housing]. What gets in the way, Rent restrictions, land use restrictions, red tape in the way. Think about energy. Electricity costs in my part of the country are 50% higher this summer than they were last summer. (04:37–04:39)
CLAIM
Asserts that increasing new home construction is a solution to reduce housing costs.
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