Ezra Klein

How do you both cut the cost of housing and increase the wages behind it at the same time?

So I take that point, but tell me then about how you balance the cost.

Because what you are describing here, if you begin paying prevailing wage, you begin paying higher wages, you do increase the cost structure.

We all want to see higher wages.

I take your point very much.

The people who build a home should be able to buy a home.

There's nothing to disagree with in that.

But you have to cut the cost of construction somewhere.

You've got financing, you've got labor, you've got materials.

If you are increasing a cost driver, what are you decreasing and by how much?

But cost of construction in California was high before Donald Trump.

But what is bringing the cost of construction down here?

I'm hearing new bond programs

But the cost of construction is too high.

That's what your plan says.

What brings it down?

Thank you, Mr. Becerra.

Ms.

Porter, you've often said on the trail here that time is money, something I hear from developers too.

The RAND study I mentioned found that it takes about 27 months to complete a multifamily housing project in Texas, 37 months to complete it in Colorado, and 49 months in California.