Rent control doesn’t “feel good” — it allows for housing stability in a volatile economic environment. Without rent control, I would be de facto evicted from my home with a 50–100% rent increase from the recent AI boom. (This is literally happening to other folks in my neighborhood.) Why on earth would I vote against it? Because some economist said so? (And no, it’s not 98%, you made that figure up.)
Fortunately, you can have rent control and incentivize housing construction. These things are not mutually exclusive.
Fortunately, you can have rent control and incentivize housing construction. These things are not mutually exclusive.