Bad idea - Rent control

Do you want a shortage of housing? The socialists have a way to cause it. If the government controls rents would you invest your retirement in building apartments? You would lose money. So, no you wouldn't. New apartment construction would nearly stop. Shortage. Then, given the shortage it caused, the city would require anyone building anything to build some housing - even though the builder would lose money. But the shortage would continue.

New York City and others have proven that this happens over decades.

City council members Sawant and Likata are demanding rent control. Sawant admits she is a socialist. Do they consider the negative effects of rent control?

Seattle Times