There seems to be a lack of a financial instrument to easily convert a property into a rent-controlled apartment. It's like a mortgage for a condo but a third party takes on both the risk and hassle of reselling the property after the tenant no longer wants to live there. Vaguely a reverse perpetuity.
Still does not address the external effect (network effect) of large groups of people choosing to live in the same area for long periods of time, which a rent-controlled district encourages.
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