I think it's not correct to imply rent control is the cause. I see it as the symptom Once a place gets rich enough to where they can justify micromanaging wha

I think it's not correct to imply rent control is the cause. I see it as the symptom Once a place gets rich enough to where they can justify micromanaging what goes where (poor places mostly have bigger fish to fry and are happy to have any tax paying development) it artificially constrains supply. Then they double down by tacking on rent control to slow the death spiral but it just makes it worse.