You actually made me create a HN-Account to reply to this. This is not true. The cap didn't apply to new flats. Which means that nobody wanted to invest and bu

You actually made me create a HN-Account to reply to this. This is not true. The cap didn't apply to new flats. Which means that nobody wanted to invest and build new housing, but instead created artificial scarcity, there are a lot of empty buildings now because very few people can afford some of the abhorrent prices. So yeah supply and demand totally worked. /s