What you're missing in your arguments against rent control is that rent control protects socioeconomic diversity. Without rent control, fair market value may fo

What you're missing in your arguments against rent control is that rent control protects socioeconomic diversity. Without rent control, fair market value may force people who are not high earners out, displaced by a more homogeneous population of highly-educated and high-earning people. This is not an unalloyed good. One of the primary goals of rent control is to ensure a mixed-income population in highly-desirable urban centers, and in many cases it is precisely rich socio-economic diversity that many (not all, but many) people find attractive. EDIT: readability