You have to define the problem too narrowly in order to say that price controls don’t work. Rental increase caps are not something designed to make the overall

You have to define the problem too narrowly in order to say that price controls don’t work. Rental increase caps are not something designed to make the overall housing prices more affordable. That’s just not the goal in the first place. The goal is to provide additional stability to renters. That additional stability will, of course, get priced in.