Now let's deal with those who want to develop. So you want to build 200,000, 20,000 of new housing. How about the housing stock that we have right now that's empty because We passed draconian laws that landlords and developers are saying, I'd rather leave this place empty. instead of being told that I'm not going to meet my bottom line. You're talking about the rent stabilized units that landlords choose to leave empty because they don't want to have because it actually costs them money to have somebody in there. (18:08–18:18)
CLAIM
Asserts that recent laws have led landlords and developers to leave properties empty.
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.
