Zohran Mamdani: “Landlords of those units had seen their profits increase by…”

“You know, we've seen time and again mayors use their power with the Rent Guidelines Board to hike the rent on those same more than 2 million New Yorkers. This same Rent Guidelines Board did a study that found that Landlords of those units had seen their profits increase by more than 12%. Their response hike the rent on rent stabilized tenants who have a median household income of $60,000.” (20:31–20:36)

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.