Zohran Mamdani: “About two and a half million [people] live in rent…”

“Because this is what we're going to show them at United Palace. Yep. So we have eight and a half million people living in New York City. About two and a half million [people] live in rent stabilized housing. That means the city determines if their rent goes up every year or not at all. And that's done through a board called the Rent Guidelines Board.” (00:17–27:23)

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.