Housing isn't bitcoin, it's possible to make more of it. And that's the point: Rent control often ends up disincentivizes construction, making it worse for tenants in the long run.

rent is an economic version of serfdom. The martial winners and their tax collecting partners run the entire market. Practically zero long term successful people in society are renters, perhaps their children at a young age or other temporary versions.

In the modern post-2007 world, capital in massive amounts is travelling to every corner of the West, and also capital from other systems into the West, to own, not rent. The reason to own is to capture the value increase in the market - renters get none of that.

Established theories about economic adjustment of rent prices are like tales of why the dogs nose is cold, or why it rains after a certain holiday. Many modern accepted economic theories are repeatedly disproved. Economic theory is half marketing and alcohol IMO. wave from the Coastal West USA

see also "Supply and Demand are a capitalist hoax"

is this literally true? no.. but neither are the Milton Friedman Chicago Economics theories, so who is "correct" ? see "manufacturing consent" .. "manufacturing desire" .. post-industrial supply chain economics .. history of the savings and loan institutions in America .. more ..