Any further explanation how it’s conspiracy theory? Those of us that rent, or have rented, have direct experience with rent hikes far exceeding cost-of-living

Any further explanation how it’s conspiracy theory? Those of us that rent, or have rented, have direct experience with rent hikes far exceeding cost-of-living increases and/or inflation. I am in a much better situation now, but previously rented a location that went from 740/mo to 1100/mo over the course of two years. This was pre-pandemic in 2012 - 2014 and coincided with similar rent increases across the city.