And so I know that there are many who bought into this system with the promise of unrestricted profit. That's what it was before the hstpa. And One of the issues you're hearing from a lot of landlords is they entered into loans with banks that could only be paid back if they evicted a majority of the tenants who were paying the rent at the time they purchased the building. And that's also why I have empathy when we're hearing about insurance costs and water bills and Con Ed and property taxes, because those are also costs that are skyrocketing. (40:21–40:33)
CLAIM
Asserts that landlords have loans requiring tenant evictions to be financially viable.
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.
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