It's the same nerve that Mamdani touches, that economic anxiety and anger. Yes, that's a problem. Yes, he's right. It's a problem. But his solution doesn't work. Freeze the rent, which is on 25% of the housing units in New York City, which are the rent stabilized units and does nothing for 75%. That doesn't work. That's de Blasio redux. De Blasio did that three times, by the way. Sure. And the rents kept going up. Yes. And it didn't work. (07:03–07:17)
CLAIM
Asserts that rent stabilization affects 25% of NYC housing units, leaving 75% unaffected.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
