Arizona Gov. Doug Ducey calls housing crisis ‘good problem to have’
PHOENIX – Arizona Gov. Doug Ducey said the shortage of houses for sale and rising prices are signs of the state’s popularity, not a bubble.
“It’s a good problem to have,” Ducey told KTAR News 92.3 FM’s The Mike Broomhead Show on Tuesday.
“I know everyone’s concerned about growth, myself included, but it’s much better than the alternative.”
Ducey said the real estate price surge is nothing like the bubble that came before the 2008-09 housing market collapse.
“This is a real supply and demand issue,” he said. “So the way we solve it is we pull more permits, we get more people working, we buy more lumber and we build more houses.”
Ducey credited conservative policies for making Arizona and other Republican-led states popular destinations.
“Just ask these states where there’s an exodus,” he said. “People vote with their feet, and they’re moving to Arizona, they’re actually moving to Republican states.”
“There’s never been a greater contrast between Republican governance and Democratic governance. Just look at the top 10 net in-migration states.”
Ducey pointed to the diversification of Arizona’s economy since he took office in 2015.
“When I was running for office, some of my original supporters said we’re going to help you, we love it here, but my son or daughter can’t find a job or a career in Arizona,” Ducey said.
“I haven’t heard that in 3½ years. We’ve got more high level, high tech high paying jobs available than people to fill them.”