Zohran Mamdani: “Even [the rent stabilized market] has seen a 12% increase in…”

“For housing, we are speaking about costs that are skyrocketing on an annual basis. And the last and most stabilized segment of the housing market in New York City is the rent stabilized market. And Even [the rent stabilized market] has seen a 12% increase in rents over the last few years. Public transit, even just in the name, it's clear that the intention is that everyone can use it. And yet what we find is that $2.90 is out of reach for one in five New Yorkers now.” (04:07–04:13)

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