If you limit the profit developers can make, there's less incentive for them to build more housing. That's the primary downside to rent control.
edit: Not sure why this is being downvoted. You can be for rent control while also acknowledging its effect on limiting supply. Go try price controlling any other product and you'll get the same.
WhiskeyTesticles t1_jaa1gqw wrote
Reply to comment by The_4th_Little_Pig in D.C. Tenants in Rent-Controlled Units Could See as Much as 8.9 Percent Increases by rennbrig
> Rent control is not detrimental to builders
If you limit the profit developers can make, there's less incentive for them to build more housing. That's the primary downside to rent control.
edit: Not sure why this is being downvoted. You can be for rent control while also acknowledging its effect on limiting supply. Go try price controlling any other product and you'll get the same.