He was, however, under no illusion about the difficulties many thousands of Americans who want to buy a home are facing. “You need to build affordable housing, but affordable housing is very expensive to build – so it’s really not affordable,” he explained.
“So how do you do that? I think the answer is the repatriation of existing homes, or the rehabilitation of homes. You take auxiliary dwelling units that are sort of dysfunctional – what they call in California ‘granny flats’ – where you’re taking garages that are detached, or you’re taking property and you’re building on to larger units. It’s much cheaper to do.”