> rent control increases the cost of rentals on the market by reducing supply (since it allows people that pay way below market to stay in housing that would ot

> rent control increases the cost of rentals on the market by reducing supply (since it allows people that pay way below market to stay in housing that would otherwise be available for someone else) More importantly (when it comes to increasing the cost of rentals), rent control discourages new construction by reducing it's profitability (easy to see with a discounted cash flow[0] analysis). [0] https://en.wikipedia.org/wiki/Discounted_cash_flow https://en.wikipedia.org/wiki/Discounted_cash_flow