Zohran Mamdani: “Freezing the rent would ensure that we return close to $7…”

“But two, because the median household income in rent stabilized apartments is $60,000 and landlord profits of those very units went up by 12%. And Freezing the rent would ensure that we return close to $7 billion back into the pockets of those working and middle class New Yorkers. And I say all this because as much as we both need to confront the crisis of the present and the future, we also have to understand that our inability …” (17:18–17:27)

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