Your statement is not inconsistent with mine. This is economics 101, price controls act the same way with housing as they do with oil. If those apartments could

Your statement is not inconsistent with mine. This is economics 101, price controls act the same way with housing as they do with oil. If those apartments could not be converted to the market rate, the investment would not be made. Market rate housing invests money over a longer period of time instead of a short burst.