Rent control causes housing shortages. It limits the price of housing to an arbitrary price which is below the demand price of housing. It fails to communicat

Rent control causes housing shortages. It limits the price of housing to an arbitrary price which is below the demand price of housing. It fails to communicate the housing shortage with higher prices, and therefore it does not incentivize the building of additional housing to relieve the shortage. Nor does it incentivize the finding of lower-cost alternatives, because all prices are capped at the limit, and so there is no information communicated about their relative differences.