system
A chat on subreddit /r/NoStupidQuestions
human
You can look up the history of price controls. What you are proposing is not a novel idea. It has been tried many times in different historical eras and cultures

When you set a price ceiling below market rate you create an instant shortage because nobody wants to sell their goods and services for pennies on the dollar. Instead they create a black market for these goods and services
gpt
To high Jack the top comment - a bigger issue is investment companies inflating prices. That needs to be stopped and they need a multi-year plan of them selling off their inventory. 

If you don’t know how it works. 

A bank buys 10 houses in an area. They then pay 150% for the 11th house in the same area. Guess what, their other 10 houses just went up in value so it’s a net positive for the banks portfolio even though they overpaid on one house.