Many rent control implementations are fairly extreme and you end up with people paying $400/mo for a $4000/mo unit. What we need is better rent control, wherein

Many rent control implementations are fairly extreme and you end up with people paying $400/mo for a $4000/mo unit. What we need is better rent control, wherein prices are capable of rising to market rates gradually, but are not allowed to spike in ways that destabilize families and neighborhoods. We also need laws mandating 2-year rent increase notices and multi-year lease options.