Scott Bessent

I think there are a lot of things where you can look around and find what's something that's interesting that's being done somewhere. So I lived in Greenwich, Connecticut for a while, maybe the richest suburb in America. There's a ton of multifamily there, very expensive, very nice multifamily. There's some affordable housing, but Greenwich is not all 10 acres and a horse farm.

I think there are a lot of things where you can look around and find what's something that's interesting that's being done somewhere. So I lived in Greenwich, Connecticut for a while, maybe the richest suburb in America. There's a ton of multifamily there, very expensive, very nice multifamily. There's some affordable housing, but Greenwich is not all 10 acres and a horse farm.

The state of Connecticut has put in a, I guess it's a law, that every municipality has to allocate 10% of vacant land to multifamily. And if the zoning board won't give you a hearing, you as a developer, you as a nonprofit for housing, can go over the top and go to Hartford. And then Hartford will give you the authority.

The state of Connecticut has put in a, I guess it's a law, that every municipality has to allocate 10% of vacant land to multifamily. And if the zoning board won't give you a hearing, you as a developer, you as a nonprofit for housing, can go over the top and go to Hartford. And then Hartford will give you the authority.

No town wants the state doing it on their behalf, so now the towns negotiate. So I think that there are a lot of things that can be done. Again, on insurance, is there something that I've been thinking about, is there something the federal government could do for California, where we come in, Everyone's paying homeowners insurance. Then there's reinsurance on top of that.

No town wants the state doing it on their behalf, so now the towns negotiate. So I think that there are a lot of things that can be done. Again, on insurance, is there something that I've been thinking about, is there something the federal government could do for California, where we come in, Everyone's paying homeowners insurance. Then there's reinsurance on top of that.

Then I think the California reinsurance company is called FAIR on top of that.

Then I think the California reinsurance company is called FAIR on top of that.

Yeah, but you're stacking it. So is there something we could do where you put another layer of private money in there and then the federal government is the fifth risk

Yeah, but you're stacking it. So is there something we could do where you put another layer of private money in there and then the federal government is the fifth risk

tranche right but if the federal government comes in can we mandate down here proper hygiene changes in the building code well changes in the building code changes and brush cutting right and material choices yeah right right yeah makes sense So I think there's a lot.

tranche right but if the federal government comes in can we mandate down here proper hygiene changes in the building code well changes in the building code changes and brush cutting right and material choices yeah right right yeah makes sense So I think there's a lot.

But I mean, energy costs are energy costs. But then there's also, for food, the transportation cost of getting it to the grocery store, everything that's made out of petroleum products. I think we can do that. And I think there's a lot to do. And it shouldn't be too hard. So we're actually, we should probably be announcing it in about 10 days. We're going to have an affordability czar.

But I mean, energy costs are energy costs. But then there's also, for food, the transportation cost of getting it to the grocery store, everything that's made out of petroleum products. I think we can do that. And I think there's a lot to do. And it shouldn't be too hard. So we're actually, we should probably be announcing it in about 10 days. We're going to have an affordability czar.

But it's going to be someone with a lot of experience in supply chains figuring out what are a lot of the quick fixes we can do. Because back to the question, What really has people anxious, inflation for now is actually pretty close in, but the affordability has gotten so away from everyone that how can we bring that down?

But it's going to be someone with a lot of experience in supply chains figuring out what are a lot of the quick fixes we can do. Because back to the question, What really has people anxious, inflation for now is actually pretty close in, but the affordability has gotten so away from everyone that how can we bring that down?

Well, it transitions. And I think it's also not being dogmatic. Totally. I saw what the Biden administration did with EVs. I have an EV. I can't wait for it to come off lease. But I also have a hybrid. And I think I fill it up maybe three times a year. But this administration had a jihad on hybrids because they didn't pass the purity test.

Well, it transitions. And I think it's also not being dogmatic. Totally. I saw what the Biden administration did with EVs. I have an EV. I can't wait for it to come off lease. But I also have a hybrid. And I think I fill it up maybe three times a year. But this administration had a jihad on hybrids because they didn't pass the purity test.

Because that's why Europe's kind of over a barrel, literally. And it's why the Russian war machine hasn't, again, literally run out of gas.

Because that's why Europe's kind of over a barrel, literally. And it's why the Russian war machine hasn't, again, literally run out of gas.