LA rents are not high because landlords are greedy. That story feels good. It is also incomplete. Rent control does not build housing. Zoning changes do nothing if projects never pencil. Rents only come down when there are more units. That is it. That is the constraint. In places like the South Bay and Harbor Area, we actually have momentum. But high construction costs and slow approvals are killing supply before it shows up. If supply stays stuck, rents stay high. No matter how loud the debate