[DoctorOW]

What this completely discounts is the existence of corporate landlords. Thousands of homes are being bought and kept empty to restrict that supply. It's ridiculous to destroy land used for other purposes just to build more empty houses and hope Blackstone et al. don't notice. It's also silly to hand those corporate landlords the right to jack up rents overnight as though they won't use it. The assumption that they'd rather have lower risk agreements over a longer period of time (e.g. lower rents now with slow increases year-to-year) is naively assuming that publicly traded companies will not attempt to maximize profits for the coming quarter.