Yeah, it sounds like shopping centers, offices, and hotels are being built because they will be profitable, since there's no artificial limits on their profits.

Yeah, it sounds like shopping centers, offices, and hotels are being built because they will be profitable, since there's no artificial limits on their profits. Housing isn't profitable, so it's not being built. And more and longer rent freezes will worsen the problem. The developers are being very rational here in what they're choosing to build.