Supply and demand break down where increasing supply is practically illegal. As long as there's a severe shortage of housing, landlords can demand as much as th

Supply and demand break down where increasing supply is practically illegal. As long as there's a severe shortage of housing, landlords can demand as much as the top nth percentile of renters are able to pay, because there is no competing landlord who will take a lower price. If this somehow doesn't drain California dry, it'll be interesting if this enables lots of frustrated marginally-employed people to move to areas with vacant housing (and no jobs, but so what?)