> These results highlight that forcing landlords to provided insurance against rent increases leads to large losses to tenants
—The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco[1]
The study largely fins that, in addition to rent control causing the available supply to decrease, and tenant mobility/freedom to decrease, it largely harms new renters, and results in a wealth transfer to existing renters.
It does not solve the problem, and it does not on the whole benefit society.
I mean, if it wasn't possible to exempt a building from the regulations, there wouldn't be an issue with rent control.
[1] https://www.crainsnewyork.com/article/20100610/BLOGS01/30610...
Even in that case though, what was the percentage of buildings burnt because of rent controls? if it was extremely low (as in less then 0.01%), then there is no real problem.
There was a photo-essay of the devastation (seriously, it looked like a war zone) posted on HN about a month ago. I can't find the link now, but if you Google "pictures of 1970s Bronx", the Image Search links give you a sense.
Sorry, but this is the worst possible solution. Source: basic economics.
Rent control is one of the most dangerous "solutions" to high housing costs people ever toss out. It would destroy the housing market and make it vastly more expensive than it is now.