Spot on! Rental housing regulations intent on pushing social cause political agendas do so to the benefit of politicians and corporations, and the detriment of tenants and owner-operator landlords. Its that 15% extra rent for management profit to start. But these regulations prevent landlords from taking a chance on a prospective tenant with no credit. They squeeze from the marketplace the landlords interested in capital appreciation through tenant stability more than the loan value calculated from rent rolls (the CAP rate) -- where high rent outweighs the cost of high turnover. They build entry barriers to a profession common to immigrants. The unintended consequences of these regulations hurt the tenants who seek a stable housing foundation from which to flourish in life -- which is pretty much the entire tenant marketplace.
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