Markets don't need exceptions, they adapt. With property/price/rent controls, it comes down to a committee of "experts" or it becomes effectively closer to community property with the tragedy of the commons. IMO, reduce the restrictions on new development and creative use, e.g., by cutting back on zoning to allow higher density development and reduce the ability of neighbors to stop development of neighbor properties (due to aesthetic or other concerns). Building codes and regulations shouldn't protect the consumer from himself, but rather protect the physical safety of adjacent properties. But it's too often used as an excuse to limit competition and preserve the privilege of the early entrants.
We also need to acknowledge that cities inevitably increase in density, which necessarily means apartments, etc. Protecting single-family residences near city centers is a subsidy to them that we should not pay any longer.
"Adapt"? They've "adapted" by milking Amsterdam tenants dry for many years already.
And the "tragedy of the commons" is essentially a red-Herring fallacy. It is perhaps valid at the most in a free-for-all rather than a commons. Where you have a commons, you have relations between the users of the common resources, and social structures for decision making about sharing and use, which prevent depletion of resources.
