> many cities do not have rent control. the city i live in is one such city. the scenario you're describing does not happen here. Because -as you mention at th

> many cities do not have rent control. the city i live in is one such city. the scenario you're describing does not happen here. Because -as you mention at the end of the comment- your city builds new housing to meet demand. Rent Control was enacted BECAUSE landlords were raising rents to absurd levels in cities that (for a variety of disgusting reasons) found themselves incapable of building new housing to meet demand. :)