There is a good paper about the effects: https://www.sciencedirect.com/science/article/pii/S1051137724000020#sec0009 https://www.sciencedirect.com/science/arti

There is a good paper about the effects: https://www.sciencedirect.com/science/article/pii/S1051137724000020#sec0009 https://www.sciencedirect.com/science/article/pii/S105113772... Basically if you're in a "rent controlled" unit, you benefit, but live in a dumpster, because the owner don't have the reason to invest in the place. But the supply of new units is down & all other renters are paying higher rates, because there is no incentive to build new units. NIMBY-ism has the same effect.