You have 50,000 vacant units in New York City right now, in part because of the policies that have been put in place in New York. Rent control and the rent laws that were put in place in New York have created a nightmare. because if you're a landlord or a property owner and you're told arbitrarily that we're going to cap rents here, but taxes go up, utility costs go up, and then … (00:54–01:02)
CLAIM
Asserts that New York's rent control laws have negatively impacted housing.
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.