We disagree that prices need to temporarily go up to give developers an incentive to build to meet demand. Landlords will buy real estate from these developers

We disagree that prices need to temporarily go up to give developers an incentive to build to meet demand. Landlords will buy real estate from these developers and the normal return should be 3-8% on that investment. There should be a lower return for less efficient land use, buildings that are badly maintained or outdated housing stock.