And there might be some people that are empathetic to your philosophies already. So. Because they actually did a study, that same board under Eric Adams did a study, it found that Landlord profits had increased 12% [for rent-stabilized units] in the same year [the Rent Guidelines Board] decided, let's hike the rent again. 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. (19:08–19:20)
CLAIM
Asserts that landlord profits increased by 12% for rent-stabilized units in the year the rent was increased.
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