Capping rents isn't like capping bread prices or whatever - the money is just going to the land owners, there's no elasticity of supply and no marginal cost. C

Capping rents isn't like capping bread prices or whatever - the money is just going to the land owners, there's no elasticity of supply and no marginal cost. Capping rents just means that instead of allocating the scarce housing to whoever can pay the most, and giving a bunch of free money to the rentiers, you allocate the scarce housing more or less randomly, and the renters in aggregate keep more of their money.