1 00:00:00,080 --> 00:00:01,840 Speaker 1: Now plenty of you have heard. 2 00:00:01,880 --> 00:00:03,960 Speaker 2: Over the last couple of weeks we've been speaking quite 3 00:00:04,000 --> 00:00:06,840 Speaker 2: a bit about the housing announcement made by the Prime 4 00:00:06,840 --> 00:00:10,440 Speaker 2: Minister Anthony Albanezi, which is hopefully going to see one 5 00:00:10,520 --> 00:00:13,920 Speaker 2: point two million homes well new homes built in the 6 00:00:13,920 --> 00:00:16,599 Speaker 2: space of five years as part of this plan which 7 00:00:16,680 --> 00:00:19,279 Speaker 2: was agreed to a national cabinet aimed at tackling the 8 00:00:19,360 --> 00:00:23,200 Speaker 2: nation's housing crisis. We spoke to Natasha Files on Thursday 9 00:00:23,280 --> 00:00:25,439 Speaker 2: last week and she'd confirmed that the plan was to 10 00:00:25,480 --> 00:00:30,000 Speaker 2: see eleven thousand homes in the Northern Territory over five years. 11 00:00:30,400 --> 00:00:33,880 Speaker 2: She did agree that that target was ambitious. Now joining 12 00:00:33,960 --> 00:00:36,479 Speaker 2: me in the studio is someone who we have spoken 13 00:00:36,520 --> 00:00:39,920 Speaker 2: to about the housing situation on so many occasions. It 14 00:00:40,040 --> 00:00:43,200 Speaker 2: is Peter McMillan, the CEO of NT Shelter. Good morning 15 00:00:43,200 --> 00:00:47,600 Speaker 2: to you, Peter. Really well now, Peter, this announcement it 16 00:00:47,760 --> 00:00:49,920 Speaker 2: sounds like a fantastic one. 17 00:00:49,920 --> 00:00:52,080 Speaker 1: I mean, Alban Eazy are saying. 18 00:00:51,840 --> 00:00:54,560 Speaker 2: One point two million new homes in the space of 19 00:00:54,600 --> 00:00:58,560 Speaker 2: five years, the Northern Territory Chief Minister saying eleven thousand 20 00:00:58,600 --> 00:01:01,160 Speaker 2: homes in the Northern Territory over five years. 21 00:01:01,640 --> 00:01:04,160 Speaker 1: On the face of it. It seems like a great move. 22 00:01:05,200 --> 00:01:08,520 Speaker 3: Yeah, look, that's right, I mean, yay, I mean finally 23 00:01:08,520 --> 00:01:11,480 Speaker 3: they're talking national cabinet about housing and I think all 24 00:01:11,480 --> 00:01:14,720 Speaker 3: the states and territories and the Commerce government have realized 25 00:01:14,720 --> 00:01:17,319 Speaker 3: what a pickle we're in with housing right across Australia. 26 00:01:17,360 --> 00:01:19,839 Speaker 3: And we've spoken many times Cady about the rental crisis 27 00:01:20,440 --> 00:01:23,440 Speaker 3: and the housing crisis. You know, there's recognition now that 28 00:01:23,480 --> 00:01:26,720 Speaker 3: we need in Australia that first of all, I had 29 00:01:26,760 --> 00:01:29,440 Speaker 3: an ambitious target or sorry, an aspirational target of one 30 00:01:29,440 --> 00:01:31,920 Speaker 3: million homes last year and they've now upgraded that to 31 00:01:32,160 --> 00:01:35,200 Speaker 3: what they're saying is ambitious target a one point two millions. 32 00:01:35,240 --> 00:01:37,800 Speaker 3: So every time they meet the numbers going up, I 33 00:01:37,880 --> 00:01:40,240 Speaker 3: think that really just underlies how much or a priority 34 00:01:40,280 --> 00:01:43,360 Speaker 3: housing needs to be. And if there's any state or 35 00:01:43,440 --> 00:01:47,280 Speaker 3: territory that's got more to win out of this, it's us, right. 36 00:01:47,319 --> 00:01:50,680 Speaker 3: We know, with an ambitious growth plan of a forty 37 00:01:50,720 --> 00:01:55,080 Speaker 3: billion dollar economy, population upwards of a three hundred thousand, 38 00:01:55,160 --> 00:01:57,880 Speaker 3: that's a lot of housing. And you're right that all 39 00:01:57,920 --> 00:02:02,080 Speaker 3: the chief ministers and state premiers have agreed to this target. 40 00:02:03,320 --> 00:02:06,160 Speaker 3: It's an aspirational or ambitious target. Call what you will, 41 00:02:06,200 --> 00:02:08,640 Speaker 3: but it's great to have our Chief Minister part of 42 00:02:08,680 --> 00:02:11,880 Speaker 3: it recognizing that we need to lift when it comes 43 00:02:11,919 --> 00:02:13,440 Speaker 3: to the housing supply we need. 44 00:02:13,480 --> 00:02:15,280 Speaker 1: The right is eleven thousand enough. 45 00:02:15,960 --> 00:02:19,360 Speaker 3: Well, when we look at the areas we talk mostly about, 46 00:02:19,400 --> 00:02:22,480 Speaker 3: which is social and affordable housing, we need in that 47 00:02:22,560 --> 00:02:26,160 Speaker 3: space around a twelve thousand alone right. That includes remote 48 00:02:26,160 --> 00:02:28,120 Speaker 3: as well, So if we think about our urban communities, 49 00:02:28,120 --> 00:02:31,440 Speaker 3: we're probably looking about six thousand homes. One of the 50 00:02:31,600 --> 00:02:34,360 Speaker 3: really encouraging things out of this announcement has been a 51 00:02:34,400 --> 00:02:37,560 Speaker 3: recognition that all the states and territories need to have 52 00:02:38,080 --> 00:02:40,440 Speaker 3: a look at zoning. They need to look at land release, 53 00:02:40,480 --> 00:02:43,160 Speaker 3: the need to bring land forward to market for development. 54 00:02:44,600 --> 00:02:47,480 Speaker 3: That's important. It's very important here in an ordern territory 55 00:02:47,480 --> 00:02:50,040 Speaker 3: that we get land out for subdevelopment to develop us 56 00:02:50,080 --> 00:02:53,400 Speaker 3: over the next twour months to start getting housing lots 57 00:02:53,560 --> 00:02:58,440 Speaker 3: ready for sale. We certainly know that out of that 58 00:02:58,520 --> 00:03:01,400 Speaker 3: figure all the stuff, it's recognized they need to talk 59 00:03:01,440 --> 00:03:05,400 Speaker 3: about inclusionary zoning. And this isn't taxes or penalties on development. 60 00:03:05,440 --> 00:03:07,800 Speaker 3: It's basically recognizing that out of all the new housing 61 00:03:07,840 --> 00:03:10,400 Speaker 3: that comes online, we need to think about the composition 62 00:03:10,600 --> 00:03:12,400 Speaker 3: or the mix of that housing and make sure we've 63 00:03:12,440 --> 00:03:16,200 Speaker 3: got enough for all price points, for purchase and for rent. 64 00:03:16,360 --> 00:03:18,600 Speaker 2: Yeah, that is spot on because we're not just talking 65 00:03:18,600 --> 00:03:20,840 Speaker 2: about sort of public housing here, We're not just talking 66 00:03:20,840 --> 00:03:23,520 Speaker 2: about remote housing. We actually need to be looking at 67 00:03:23,520 --> 00:03:26,639 Speaker 2: housing right across the board for everybody we do. 68 00:03:26,840 --> 00:03:30,280 Speaker 3: And there's enough housing in there that we can meet 69 00:03:30,320 --> 00:03:32,760 Speaker 3: a lot of that need. You know, we're going to 70 00:03:32,840 --> 00:03:35,960 Speaker 3: need to build more our share of that the one 71 00:03:36,040 --> 00:03:38,040 Speaker 3: million or one point two million homes, let's just say 72 00:03:38,040 --> 00:03:42,480 Speaker 3: it's fifteen thousand under that agreement, under that accord, that 73 00:03:42,560 --> 00:03:45,600 Speaker 3: will certainly go quite some way to alleviating a lot 74 00:03:45,640 --> 00:03:48,160 Speaker 3: of our current housing shortlist. It won't fix it all, 75 00:03:48,200 --> 00:03:49,960 Speaker 3: but it's certainly a huge step in the right direction. 76 00:03:50,080 --> 00:03:53,840 Speaker 2: That it was the consultation with the NT Shelter about the needs. 77 00:03:54,000 --> 00:03:55,960 Speaker 2: And you know, the Chief Minster said on the show 78 00:03:56,080 --> 00:03:58,760 Speaker 2: eleven thousand, you've just said fifteen thousand, Like, has there 79 00:03:58,840 --> 00:04:03,200 Speaker 2: been consultation NT Shelter about just how many homes we 80 00:04:03,320 --> 00:04:04,280 Speaker 2: need in the territory. 81 00:04:04,640 --> 00:04:08,040 Speaker 3: Well, certainly that numbers, know that numbers not foreign to 82 00:04:08,400 --> 00:04:10,840 Speaker 3: for the Minster. Her government's acknowledged there's a twelve thousand. 83 00:04:10,960 --> 00:04:14,240 Speaker 3: How shortfall. That was the number three years ago, so 84 00:04:14,320 --> 00:04:16,480 Speaker 3: it's probably grown since then. A lot of things have 85 00:04:16,640 --> 00:04:20,320 Speaker 3: changed since COVID and with more people coming to live 86 00:04:20,360 --> 00:04:23,560 Speaker 3: in the regions and the rental crisis we have now, 87 00:04:23,600 --> 00:04:26,160 Speaker 3: so we know that we've got a big backlog. So 88 00:04:26,720 --> 00:04:29,360 Speaker 3: whether the numbers eleven thousand or fifteen thousand, I'll take 89 00:04:29,360 --> 00:04:31,400 Speaker 3: eleven thousand if that's what our commitment is that that's 90 00:04:31,400 --> 00:04:33,720 Speaker 3: a great place to start. What we need to turn 91 00:04:33,760 --> 00:04:36,040 Speaker 3: our attention to is how can we get behind the 92 00:04:36,120 --> 00:04:39,760 Speaker 3: state and territory ministers and premiers to make this happen. 93 00:04:40,080 --> 00:04:41,960 Speaker 3: They can't do it alone, Kadie. There's no way the 94 00:04:42,000 --> 00:04:43,920 Speaker 3: Northern Territory government can do this on its own in 95 00:04:44,040 --> 00:04:46,000 Speaker 3: five years. And that's what are using language like its 96 00:04:46,040 --> 00:04:47,839 Speaker 3: ambitious or if that's aspirational. 97 00:04:48,080 --> 00:04:50,320 Speaker 2: And the hard part's going to be is making sure 98 00:04:50,360 --> 00:04:52,520 Speaker 2: we've got the workforce to be able to deliver it 99 00:04:52,960 --> 00:04:56,960 Speaker 2: and also making sure we've got the land and able 100 00:04:57,080 --> 00:05:00,039 Speaker 2: to sort of make sure that this does indeed. 101 00:04:59,800 --> 00:05:01,080 Speaker 1: Have and that's the tough part. 102 00:05:01,160 --> 00:05:03,720 Speaker 3: Well, that's absolutely right, So let's just maybe think about 103 00:05:03,800 --> 00:05:06,360 Speaker 3: land so we know that it takes time through the 104 00:05:06,440 --> 00:05:11,000 Speaker 3: land supply process to get those lots out to developers 105 00:05:11,040 --> 00:05:13,880 Speaker 3: for that development stage. And that's because I need to 106 00:05:13,920 --> 00:05:17,640 Speaker 3: look at constraints around land release, things such as there 107 00:05:17,720 --> 00:05:20,400 Speaker 3: might be some environmental concerns or factors. We've seen that 108 00:05:20,440 --> 00:05:24,680 Speaker 3: obviously at leap point, there could also be some well, 109 00:05:24,720 --> 00:05:27,839 Speaker 3: it could be a whole range of issues regarding native 110 00:05:27,880 --> 00:05:30,800 Speaker 3: title and tenure, and a whole lot of consultations have 111 00:05:30,880 --> 00:05:33,360 Speaker 3: to have that can take five years in that process alone. 112 00:05:33,800 --> 00:05:35,839 Speaker 3: Then you need to get it to that development stage 113 00:05:35,920 --> 00:05:38,520 Speaker 3: where it's prepared and goes out to developers under a 114 00:05:38,560 --> 00:05:42,680 Speaker 3: procurement process so they can sub do their subdivisions. They 115 00:05:42,760 --> 00:05:45,680 Speaker 3: also need to know has certainty around what is expected 116 00:05:45,800 --> 00:05:48,680 Speaker 3: under that allotment process, how many homes need to be 117 00:05:48,800 --> 00:05:51,400 Speaker 3: social and affordable as part of that mix. I think 118 00:05:51,440 --> 00:05:53,920 Speaker 3: there's housing needed for everybody, whether it be key workers, 119 00:05:54,120 --> 00:05:57,000 Speaker 3: whether it be for the high end of the market 120 00:05:57,320 --> 00:06:00,800 Speaker 3: where it be for larger lots, lifestyle lots, or whether 121 00:06:00,839 --> 00:06:04,440 Speaker 3: it be for for lower and lower income earners. We 122 00:06:04,600 --> 00:06:06,640 Speaker 3: know we want to track population here codie when we 123 00:06:06,720 --> 00:06:08,800 Speaker 3: want to keep them here, and this is a really 124 00:06:08,880 --> 00:06:12,080 Speaker 3: important step that we now get together organizations like the 125 00:06:12,160 --> 00:06:16,800 Speaker 3: Master Business, like the Property Council, like the Level Government Association, 126 00:06:17,120 --> 00:06:19,640 Speaker 3: ourselves and a whole range of other organizations. So how 127 00:06:19,680 --> 00:06:20,599 Speaker 3: are we going to make this work? 128 00:06:20,760 --> 00:06:21,120 Speaker 2: I reckon? 129 00:06:21,200 --> 00:06:23,400 Speaker 1: You spot on because you know so often the government, 130 00:06:23,520 --> 00:06:24,960 Speaker 1: you know sometimes. 131 00:06:25,160 --> 00:06:27,360 Speaker 2: Well people we do, become quite negative and sort of 132 00:06:27,360 --> 00:06:28,880 Speaker 2: think to ourselves, we'll hang on, how are they going 133 00:06:28,920 --> 00:06:31,480 Speaker 2: to build all these homes? But if all those industry 134 00:06:31,480 --> 00:06:34,800 Speaker 2: groups are able to get to get together and formulate 135 00:06:34,839 --> 00:06:37,000 Speaker 2: a bit of a plan and a way in which 136 00:06:37,120 --> 00:06:40,040 Speaker 2: this can you know, can potentially be delivered, it's going 137 00:06:40,120 --> 00:06:43,200 Speaker 2: to be beneficial to everybody and to all of those 138 00:06:43,279 --> 00:06:44,200 Speaker 2: different industries. 139 00:06:44,400 --> 00:06:46,000 Speaker 3: It will be. So a lot of the language it's 140 00:06:46,040 --> 00:06:48,360 Speaker 3: been coming out of camera is they want these new 141 00:06:48,480 --> 00:06:51,120 Speaker 3: homes right across Australia. If we can hit that target 142 00:06:51,120 --> 00:06:53,160 Speaker 3: at one point too Moon, I mean, how amazing will 143 00:06:53,200 --> 00:06:55,320 Speaker 3: that be. But they want it to be well located 144 00:06:55,400 --> 00:06:58,000 Speaker 3: homes as well, and this is particularly important for cities 145 00:06:58,120 --> 00:07:01,560 Speaker 3: like Sydney and Melbourne where they want the workforce to 146 00:07:01,600 --> 00:07:03,440 Speaker 3: be able to live where the jobs are and close 147 00:07:03,520 --> 00:07:07,400 Speaker 3: to close to transport, close to know, all of the 148 00:07:07,800 --> 00:07:10,280 Speaker 3: close to employment, close to where they want to be, 149 00:07:10,440 --> 00:07:12,760 Speaker 3: you know, not adding the boondocks. And I think one 150 00:07:12,800 --> 00:07:14,400 Speaker 3: of the things that we do have in the Northern Territory, 151 00:07:14,440 --> 00:07:17,040 Speaker 3: we do have a lot of crown land and it's great. 152 00:07:17,160 --> 00:07:19,080 Speaker 3: You know, we do have options to release that land 153 00:07:19,080 --> 00:07:22,320 Speaker 3: to market and develop housing. That's fantastic, But we need 154 00:07:22,360 --> 00:07:24,720 Speaker 3: those groups I mentioned earlier before to be around the 155 00:07:24,760 --> 00:07:27,120 Speaker 3: table saying Okay, let's talk about what that housing is 156 00:07:27,160 --> 00:07:29,800 Speaker 3: going to look like. What will our communities look like, 157 00:07:30,120 --> 00:07:32,240 Speaker 3: what will be the amenities that we build. So of 158 00:07:32,240 --> 00:07:35,680 Speaker 3: people want to live there, that's they're great places to live. 159 00:07:36,000 --> 00:07:38,320 Speaker 3: If we're going to have mix in terms of people 160 00:07:38,360 --> 00:07:40,440 Speaker 3: on different levels of income, how we're going to make 161 00:07:40,520 --> 00:07:44,080 Speaker 3: that community work together, how we're going to support affordable 162 00:07:44,080 --> 00:07:46,600 Speaker 3: housing and social housing so that we have communities that 163 00:07:46,720 --> 00:07:50,120 Speaker 3: are working well and not having issues. And so there's 164 00:07:50,120 --> 00:07:51,520 Speaker 3: a lot of thinking that needs to go into that, 165 00:07:51,600 --> 00:07:55,760 Speaker 3: from design, from architecture perspective, and also you know, government 166 00:07:55,800 --> 00:07:57,480 Speaker 3: and non government interests to me really make that a 167 00:07:57,560 --> 00:07:59,240 Speaker 3: success and it can be done. It's being done in 168 00:07:59,280 --> 00:08:01,960 Speaker 3: Sydney and Melbo seen the states that are working very 169 00:08:02,080 --> 00:08:05,760 Speaker 3: very well. We just need to we need to break 170 00:08:05,800 --> 00:08:07,600 Speaker 3: out of the silos and work together on a stormy 171 00:08:07,680 --> 00:08:08,440 Speaker 3: and there's got to be a bit. 172 00:08:08,400 --> 00:08:10,400 Speaker 2: Of urgency to it as well, because we can't afford 173 00:08:10,560 --> 00:08:13,080 Speaker 2: territories cannot afford to be mucking around with this for 174 00:08:13,240 --> 00:08:16,880 Speaker 2: ages before we actually start building these times, they need 175 00:08:16,960 --> 00:08:19,800 Speaker 2: to get cracking on us, absolutely, Peter, Before I let 176 00:08:19,880 --> 00:08:22,200 Speaker 2: you go this morning, about two weeks ago we spoke 177 00:08:22,240 --> 00:08:25,040 Speaker 2: to the Darwin Community Legal Service about what they described 178 00:08:25,040 --> 00:08:27,360 Speaker 2: as the current rental crisis and the need for law 179 00:08:27,480 --> 00:08:29,720 Speaker 2: reform around the Residential Tenancies Act. 180 00:08:30,200 --> 00:08:33,079 Speaker 1: From your perspective, is it time for a bit of 181 00:08:33,120 --> 00:08:33,600 Speaker 1: a review? 182 00:08:34,640 --> 00:08:37,520 Speaker 3: It's well over time, Katie. I mean, you know the 183 00:08:37,559 --> 00:08:40,000 Speaker 3: government up here was saying back in twenty eighteen they 184 00:08:40,080 --> 00:08:42,079 Speaker 3: were going to do a comprehensive review and that just 185 00:08:42,200 --> 00:08:46,000 Speaker 3: hasn't happened, hasn't come to anything. And look, when we're 186 00:08:46,040 --> 00:08:50,040 Speaker 3: talking about reviewing the laws that relate to tenants and landlords, 187 00:08:50,080 --> 00:08:52,319 Speaker 3: we're not talking about revolution. I mean, the sky is 188 00:08:52,360 --> 00:08:54,920 Speaker 3: not going to fall in. We're talking about fairst standards 189 00:08:55,000 --> 00:08:59,080 Speaker 3: for landlords and renders alike. It's not revolution, it's evolution. Really, 190 00:08:59,120 --> 00:09:01,079 Speaker 3: it's coming out of the cave here in the territory 191 00:09:01,120 --> 00:09:03,680 Speaker 3: because we have by far the worst rental laws across 192 00:09:03,760 --> 00:09:06,000 Speaker 3: Australia and a lot of things that came out of 193 00:09:06,080 --> 00:09:10,640 Speaker 3: that announcement from National Cabinet last week, things like making 194 00:09:10,840 --> 00:09:14,640 Speaker 3: rental bidding illegal were the only state where that happens now, right, 195 00:09:14,679 --> 00:09:16,319 Speaker 3: were the only state. So a lot of that was 196 00:09:16,360 --> 00:09:18,439 Speaker 3: really messaging back to us that we've now got to 197 00:09:18,800 --> 00:09:21,679 Speaker 3: come up to the modern standards. And I think, you know, 198 00:09:22,120 --> 00:09:24,839 Speaker 3: whether you're in you know, Darwin or Deniloquent, you should 199 00:09:24,840 --> 00:09:27,480 Speaker 3: a renter should have the basic same rights to minimum standards, 200 00:09:27,840 --> 00:09:31,720 Speaker 3: to reasonable grounds for being evicted, and reasonable notice periods, 201 00:09:31,800 --> 00:09:33,960 Speaker 3: all those sorts of things. And above all, I think 202 00:09:34,520 --> 00:09:36,720 Speaker 3: finding a way to have a conversation around how can 203 00:09:36,760 --> 00:09:39,120 Speaker 3: we make sure that rent increases are reasonable and not 204 00:09:39,240 --> 00:09:43,000 Speaker 3: exorbitant the whole way that our rental market works at 205 00:09:43,000 --> 00:09:45,800 Speaker 3: the moment, And I don't blame anyone in particular, it's 206 00:09:45,840 --> 00:09:48,840 Speaker 3: just the way it is. You know, real estate commissions 207 00:09:48,840 --> 00:09:51,040 Speaker 3: are a percentage around seven percent of the rents that 208 00:09:51,080 --> 00:09:53,319 Speaker 3: are charge. Of course, rents going up as good for 209 00:09:53,440 --> 00:09:56,160 Speaker 3: land laws and for real estate companies. But when you've 210 00:09:56,160 --> 00:09:57,839 Speaker 3: got people that are having to pay one hundred and 211 00:09:57,840 --> 00:10:00,560 Speaker 3: fifty dollars a week more and having to very real 212 00:10:00,760 --> 00:10:02,599 Speaker 3: decision to make a bround whether they stay here or 213 00:10:02,600 --> 00:10:03,960 Speaker 3: whether they have to go and live in a caravan. 214 00:10:04,320 --> 00:10:06,720 Speaker 3: We don't think that's okay, and we need to work our. 215 00:10:06,640 --> 00:10:07,120 Speaker 1: Way through that. 216 00:10:07,280 --> 00:10:09,760 Speaker 2: It's a really tough situation too though as well, because 217 00:10:09,760 --> 00:10:12,439 Speaker 2: you know, somebody might have an investment property where they're going, well, 218 00:10:12,480 --> 00:10:14,840 Speaker 2: I'm struggling now because the interest rates have gone up 219 00:10:14,880 --> 00:10:16,760 Speaker 2: so high, so we're putting the rent up. 220 00:10:17,160 --> 00:10:19,240 Speaker 1: So it's a real sort of catch twenty two. 221 00:10:19,480 --> 00:10:22,280 Speaker 3: Completely get it, you know, And a lot of people say, look, 222 00:10:22,280 --> 00:10:23,959 Speaker 3: it's not my fault. That's not my problem to solve. 223 00:10:24,080 --> 00:10:24,240 Speaker 2: You know. 224 00:10:24,320 --> 00:10:26,600 Speaker 3: If I've got my investment property and the market price 225 00:10:26,760 --> 00:10:30,240 Speaker 3: is this, I understand that. And for pete, for landlords 226 00:10:30,280 --> 00:10:32,360 Speaker 3: that are doing it tough, they should also look at 227 00:10:32,360 --> 00:10:34,720 Speaker 3: how they can get the assistants they need as well, 228 00:10:34,840 --> 00:10:38,559 Speaker 3: financial assistants to make their situation work. We don't want 229 00:10:38,600 --> 00:10:42,400 Speaker 3: them in affordability stress either, right, But it's still an 230 00:10:42,440 --> 00:10:44,400 Speaker 3: issue where a house. What's different about this is we're 231 00:10:44,400 --> 00:10:47,240 Speaker 3: not talking about luxury goods. We're talking about essential goods. 232 00:10:47,280 --> 00:10:49,560 Speaker 3: Housing is essential. And if we get to the point 233 00:10:49,600 --> 00:10:52,040 Speaker 3: where all of a sudden, pretty much overnight, with as 234 00:10:52,080 --> 00:10:54,800 Speaker 3: little as two weeks, notice you're being told that you 235 00:10:54,880 --> 00:10:56,440 Speaker 3: know in two weeks your rent's going to go up 236 00:10:56,480 --> 00:10:58,640 Speaker 3: by one hundred dollars a week or more, and that's 237 00:10:58,679 --> 00:11:01,200 Speaker 3: going to put you out on Struggle Street. That's an 238 00:11:01,240 --> 00:11:03,520 Speaker 3: issue to law of us have to really face up to. 239 00:11:04,040 --> 00:11:08,199 Speaker 2: Peter McMillan, the CEO of MT. Shelter, We always appreciate 240 00:11:08,240 --> 00:11:10,160 Speaker 2: your time. Thanks so much for joining us this morning. 241 00:11:10,240 --> 00:11:10,680 Speaker 3: Thanks Cody,