Yes, but “yes, but”, in the sense that I've generally been a proponent of vacancy decontrol, because I thought that it did create balance. While existing tenants were protected, it allowed investors to generate returns. Because of the excessive increase we've seen in the last few years, I've changed my view on that, and I think we do need to think temporarily about some way to suppress these very large increases.
On June 9th, 2023. See this statement in context.