Zohran Mamdani: “The average profits of the landlords of those units, 12%.”

“… they'll find that those tenants deserve relief because the last year that they did that, they found that the median household income of a rent stabilized tenant, $60,000 a year. The average profits of the landlords of those units, 12%. There's room to give people a little bit of breathing room, because otherwise you have seniors who are coming up to you and saying, I'm having to choose between rent and my medicine.” (10:16–10:20)

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