If you don't believe in the laws of supply and demand, just look at Phoenix's apartment market.
Since COVID, Phoenix ranks Top 5 for apartment demand and yet ranks in the Bottom 10 for rent growth.
Why? Not rent control. Supply. Phoenix ranks No. 3 for supply over the same period.
It ain't complicated. If you want to help rent affordability, embrace the science. Embrace the one and only solution proven to work.
The math is getting harder these days for new construction, so it's an opportunity for cities and states to find creative ways to get more development to work -- expedited timelines, public/private partnerships, tax abatements (in exchange for affordability requirements), etc.