Earlier quoted context omitted.
> Everywhere I know of rent control only applies to significantly older buildings. Which means that new buildings can charge much higher prices, which means that rent control actually encourages new buildings. New buildings are what become older buildings. If that causes them to become less valuable, they become less valuable immediately because the future loss gets priced in, making them less valuable to construct.…
In all the major cities I know of (and this includes san francisco and los angeles), if there is rent control it is set for buildings older than a fixed date (usually somewhere about 1979). So no, newer buildings will not become covered by rent control unless the laws are drastically changed. Furthermore, in California the Ellis act allows landlords to mass evict rent controlled tenants in order to demolish a buildin…
That would still apparently prevent the building from being subdivided into smaller units or otherwise reconfigured/improved for higher density.
And your point seems to be not that rent control isn't a problem but rather that some places are already phasing it out -- which is good, but presents no aid to the people who continue to propose expanding it or retaining it in the areas it isn't already on its way out.