Agreed. Just highlighting to some degree it exists already and as not a novel untested concept. It just needs refinement. A phased, gradual raising of the 2%

Agreed. Just highlighting to some degree it exists already and as not a novel untested concept. It just needs refinement. A phased, gradual raising of the 2% cap probably would make sense over a couple of decades. That way homeowners and developers can adequately prepare and build in that rate increase into their economic models. Building lifetimes span multi-decades.