What would you say to people who argue that rent control would be economically harmful? What I would say is that about two and a half million New Yorkers live in rent stabilized housing right now. They have a median household income of about $60,000 a year. and the profits of their landlords increased in this last year by 12%. There is clearly room for relief for those very tenants who are on the precipice of being pushed out of their own city. (08:40–08:45)
CLAIM
Asserts that the median household income for those in rent-stabilized housing is about $60,000 annually.
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.