He didn't say it would be cheap affordable housing. He said it "will relieve price pressure on existing, overpriced older housing". Which makes sense. Normally

He didn't say it would be cheap affordable housing. He said it "will relieve price pressure on existing, overpriced older housing". Which makes sense. Normally new buildings are the luxury housing and over time, as they become outdated, they become the affordable housing. Building new "affordable housing" is a fools errand, since it costs almost as much to build as luxury housing. You just build more housing period and let nature take its course over the decades.