New York rent freeze will lead landlords to burn buildings for insurance

What was said

"For those who don't know about the 1970s, a gigantic percentage of all housing stock in the South Bronx was burned to the ground by landlords who made more money off the insurance than the rent."

Host Dave Rubin warns that New York's rent freeze policy will recreate conditions that led to the 1970s South Bronx fires, where landlords deliberately burned over 80% of buildings for insurance money when rent controls made properties unprofitable. He argues the policy creates perverse incentives for property destruction rather than maintenance or investment.