It would do us a world of good to think harder about rent control. I understand the language of Prop 33 is slippery enough that it ought to be turned down but the "rent control harms overall supply" argument is the "minimum wage hurts job creation" kind of received knowledge. We can do better.

The details matter a lot. If you set price caps/targets underneath reasonable new build profit margins, nothing gets built by private actors (bad). But a built building delivers services way after the initial building costs have been reimbursed.