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More than 2 million people have found refuge in precious rent-stabilized apartments, where they depend on the mercy of the city’s Rent Guidelines Board to block landlords from raising prices.

He was more eager now to discuss other policies that form the core of his platform, like making the city’s struggling bus system fast and free, delivering universal childcare to all New Yorkers, building 200,000 new union-built and rent-stabilized housing units, raising the city's minimum wage to $30 and opening a government-managed store in each of the five boroughs to help lower the price of groceries.

Landlords who own units that are rent-stabilized — the vast majority of units in the city — typically can’t pass on water costs, which are linked to sewer costs, to their tenants, according to city officials.

By law, the rent-stabilized units couldn’t rise high enough to service a mortgage.

But reasonable changes can be made to the formula that establishes how much owners of rent-stabilized units can raise their prices each year.