Others will be happy (as I'm sure you noticed in your profession) to overconsume risk and, as the old economists would say, laissez faire ("let be what would be") with the downside possibilities. 

This may take months at best to get them out.3) In the long run, economist has done studies that shows rent controlled markets show massive increase in rents. 

The Armchair Economist: Economics and Everyday Life, Steven E.

Rent control is widely discredited by many if not most economists, and many housing advocates.

I am not Nostradamus or an economist, but we could see 7-7.5% rates for several years.

I would love to get a discussion going over this topic to see what other "in the know" armchair economists think. 

Economists say a resurgence in mortgage rates and inflation could be softening sales at the start of what is traditionally real estate’s busiest season.

Five months ago on here you had everyone being an economist saying  real estate was going to explode this spring because rates would drop dramatically.

CPI was up 3.5% YoY.This was hotter than all estimates by the big financial institutions and higher than CPI in February (3.4%):Kalshi: 3.4% Barclays: 3.4%Citigroup: 3.4%Deutsche Bank: 3.4%Goldman Sachs: 3.4%JP Morgan: 3.4%Morgan Stanley: 3.4%UBS: 3.4%Bank of America: 3.3%Core CPI has risen at a 4.6% annual rate, faster than any three month period from August 1991 to 2020 (Furman).In the words of oft-cited economist Mark Zandi of Moodies Analytics… “Ugh.

Selma Hepp, Chief Economist for CoreLogic