How the 70s and the 80s we went through rent rolls. This is how much money comes into a building to upkeep that building. When you saw those rent rolls go lower than it cost to keep upkeep buildings, you saw dilapidated problem building areas. And those low income New Yorkers had to live through those conditions. People walked away from their builders. No more insurance costs. We saw a lot of arson. (08:03–08:12)
CLAIM
Asserts that low rent rolls led to dilapidated buildings in the past.
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