>Why would any reasonable person want to invest in building housing when the city government gets to tell them how much they can charge for rent? Why do landlo

>Why would any reasonable person want to invest in building housing when the city government gets to tell them how much they can charge for rent? Why do landlords oppose rent control if it will raise prices? Why do tenants favor it? Theories notwithstanding, it simply is untrue that rent control halts development. New York city has had rent control for generations and has had an abundance of development. At this moment more than 2 million units are under some form of rent control.[0] >the most expensive Bay Area cities are the ones that have rent control This is a myth. The 5 most expensive Bay Area rental areas are in Sunnyvale, Mountain View, Cupertino, Foster City, Palo Alto. None of which have rent control. Of the top 20, only 4 are in SF and 1 in Berkeley.[1] And comparing medians, Berkeley is cheapest[2]. And while relaxing construction requirements will help, the over valuation of land guarantees the effect will be small. For example, this slum centered small triangular dirt lot is 1.6million [3] [0]https://en.wikipedia.org/wiki/Rent_control_in_New_York https://en.wikipedia.org/wiki/Rent_control_in_New_York [1] https://www.sfgate.com/expensive-san-francisco/article/most-expensive-zip-codes-San-Francisco-Bay-Area-13197633.php#photo-16304014 https://www.sfgate.com/expensive-san-francisco/article/most-... [2]https://sf.curbed.com/2018/5/3/17316196/berkeley-rent-median-numbers-san-francisco-2018-cost https://sf.curbed.com/2018/5/3/17316196/berkeley-rent-median... [3] https://www.zillow.com/homes/for_sale/Oakland-CA/pmf,pf_pt/land_type/2111233543_zpid/13072_rid/globalrelevanceex_sort/37.823904,-122.261031,37.805732,-122.292703_rect/14_zm/ https://www.zillow.com/homes/for_sale/Oakland-CA/pmf,pf_pt/l...