I don't know of a crisis that's lasted this long. And it's not rocket science. It's a matter of building and, and keeping what we have. So I'll give you a simple example. The most conservative estimates are that there's 25% of apartments right now in the rent stabilized portfolio [that are being warehoused]. Music to my ears. Yeah. That are being warehoused. 50,000. Well, I said the most conservative. I've seen. I've seen reports up to 90. (23:32–23:41)
CLAIM
Asserts that 25% of rent-stabilized apartments are being warehoused.
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.