If landlords aren't allowed to set rents, then they will convert to condos and just be done with it. And why would a place build any apartments if they can't set the price to what the market will bear?
The market is just really hot right now and capital projects cannot react fast enough. Controls to artificially limit the markets will work for a bit, but when existing rental units start disappearing even faster than they already are disappearing, then what?
And Jordan, haven't you already said at different times over the past few years that you are going to move to Las Vegas, Hawaii, and now Phoenix? Time to crap or get off the pot.
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"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
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