The median household income of tenants of those units was $60,000. And with that information, they decided, let's hike the rent again. So it actually doesn't have to do with the data. Got it. … Housing [in New York City] has been treated as a means by which to make profit. … of rental apartments, you could have a very different landscape of housing. So to me, it's freeze the rent and take on the cost of insurance and fix a broken property tax system and streamline development and have the city produce 200,000 homes. (19:25–23:20)
CLAIM
Asserts that housing in New York City is treated primarily as a profit-making venture.
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