Rent control is amazing deal for old people: Multi-million dollar payouts and insanely cheap rent, but these benefits are paid by the future generation of resid

Rent control is amazing deal for old people: Multi-million dollar payouts and insanely cheap rent, but these benefits are paid by the future generation of residents. As you said, eliminating rent control would lower prices by 2% on average (saving future residents millions) and helps projects be built faster (by removing red tape).