And what I mean by that is when this board has done studies, they found landlords of these rent stabilized units saw their incomes go up by 12%. Tenants meanwhile, have a median household income of $60,000. So any increase could push one of those tenants out of the city because they are tenants who oftentimes have fixed salaries, fixed incomes. (07:46–07:50)
CLAIM
Asserts that tenants in rent-stabilized housing have a median income of $60,000.
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