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Supply and demand. If the market doesn't support those rents, then they'll have low occupancy. If they are at full or near full occupancy at those rents, the rents are fair market value.

Remember, people have options. Some of those options might not be great, i.e. living farther away from a city and commuting because you can't afford to live closer. Some of those options might be disruptive, such as leaving where you live for another state where cost of living is lower (as the Texans and Floridians here keep bragging about).

But you know what DOESN'T work? Limiting the amount of rent that can be charged to below-market rates. Because that reduces the economic return on investing in what will actually improve the affordability, which is BUILDING MORE HOUSING STOCK.

If you disincentivize building new housing stock, don't be shocked when demand (which keeps rising) and supply (which you're restricting) get out of whack and prices go up.

Yeah, I always wondered why Somalis don't just move.
Just move.  You literally have 37 cents in your bank account?  Just move.
Oh, it costs money to move? 
Hell, I'll move you out further where it's cheaper.  You're welcome.
Oh, you don't have a car? 
Shit, uh, take the bus?
Oh, we moved you out too far and public transporation doesn't come out here?  
Er....

You cited one post of homeless numbers, which are universally known to be undercounted.
You're my hero.

Maybe they're undercounted. But by whatever methodology they're using, they're not increasing:

https://en.wikipedia.org/wiki/Homelessness_in_the_United_States

Around here, gentrification is blasting ahead, and folks are moving back into the city.  The racial balance is shifting as well.  A new large park opened up on the west side and is attracting all sorts of development now.  That area had been semi-industrial and lightly populated for being in a city, and now it's going crazy, mostly new developments more than fixing up houses.

Visuals emerge for large-scale Marietta Boulevard development | Urbanize Atlanta

Near Westside Park, massive residential project enters pipeline | Urbanize Atlanta

I just want to note this pushback I'm getting from the echo chamber. 

You guys are right.  It's fine.  People driven to homelessness will just bend over and take it forever.  It's their fault.  Perpetual growth is possible.

Most of us try and work off data, you work off feelings.  

Most of us try and work off data, you work off feelings. 

You're a comedian.

bringing up Karl.......

this has been the warning for 150 years

The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France

same as 40 years ago

And as long as those who suffer most during these panics and crises aren't you, then it's fine.

Supply and demand. If the market doesn't support those rents, then they'll have low occupancy. If they are at full or near full occupancy at those rents, the rents are fair market value.

Remember, people have options. Some of those options might not be great, i.e. living farther away from a city and commuting because you can't afford to live closer. Some of those options might be disruptive, such as leaving where you live for another state where cost of living is lower (as the Texans and Floridians here keep bragging about).

But you know what DOESN'T work? Limiting the amount of rent that can be charged to below-market rates. Because that reduces the economic return on investing in what will actually improve the affordability, which is BUILDING MORE HOUSING STOCK.

If you disincentivize building new housing stock, don't be shocked when demand (which keeps rising) and supply (which you're restricting) get out of whack and prices go up.

Florida is not affordable in most places.