I understand that. It's actually addressed starting on page 26 of the report -- basic conclusion is that a landowner / developer will more likely hold the land

I understand that. It's actually addressed starting on page 26 of the report -- basic conclusion is that a landowner / developer will more likely hold the land until after the moratorium (when it will be even more valuable due to the moratorium) than develop below-market units at a lower price. I've worked hard to understand both sides of the issue. In practice what I strongly believe will happen is that ~800 market rate units will be delayed for 18 months, nothing else will change and the politicians who pushed this won't be taken to task because they're all terming out and eyeing Sacramento.