Detailed text transcripts for TV channel - FOXNEWS - 20161223:07:16:00
It's not helping the poor you know that because you live in the upper east side. >> rent control is a small program at this time at this point. only people who have been in the apartment basically before 1947? or rent stabilized. >> average household and rent stabilized is earthquake about 30, 32,000 a year. it's not the rich. there is not one apartment that's been built since 1974, under rent stabilization. where the landlord developer said i want to be in the program. they don't have to be. they chose to be. to get a tax reduction. >> right. so the public is subsidizing. this you know as wel...