This isn't luck though. Luck would be if rent control would be allocated to citizens at random instead of on first dibs.

Generational real estate and land ownership in general is also first dibs. If you didn’t acquire the asset early on and at the right price, too bad so sad. This is somewhat universal anywhere with land ownership legal frameworks.

Yes, and who said that the current Feudal Light™ system ia good thing? It just leads to rampant wealth inequality.

First, take measures to discourage turning housing an investment.

Doesn't justify policies that make it worse, when alternate policies would make it better

If the people want rent control, they’ll get rent control and capital and newcomers will have to deal with it.

“Better” and “worse” are subjective. Affordable housing vs “fair” free market housing selection will be governed by individual belief systems. It’s possible local citizens don’t want what some consider “better.” Up to the people who live there to vote for what they want.

Sweden seems to want rent control, so rent control it is and the discussion is academic (still interesting, but highly unlikely to lead to a delta in current outcome trajectory).