Rent control diminishes the incentive to make new housing, and causes rents on remaining housing stock to rise, generally. It privileges the people who have hel

Rent control diminishes the incentive to make new housing, and causes rents on remaining housing stock to rise, generally. It privileges the people who have held onto their apartments for a long time at the expense of everyone who has had to move recently, at least as it’s been implemented in American cities. Doll ownership isn’t a great analogy for housing.