Rent control works in specific applications. First, it must be short term as a response to market shocks (like a sudden tax increase). It also must have a graduated taper off period where prices are allowed to gradually increase to meet the market rate. With the dramatic increase in work-from-home, office spaces are going empty. This creates an opportunity to counteract the usual reduction in the quantity of rental units that comes with rent freeze. Reductions of red tape and streamlining conversion of office spaces into apartments would stabilize or even increase the number of rental units.

The entire point is that there needs to be a comprehensive strategy, not just a simple tax.

How is rent control a failure?

Honey landlords already do the bare minimum.

Another way of looking at this is landlords won't be able to fancy up units and jack up prices which push out low income renters. Also, if landlords can't make a profit, they will sell which will allow more people to buy rather than be forced to rent. This does decrease the number of rental units in the future which could drive up prices, but it could be combined with a plan to renovate office spaces into apartments to counteract this.

Ahh, so what you're actually saying is rent freezes discourage landlords from renovating their property (with their tenant's money) and charging more rent afterwards?

Most people struggling to pay rent want a place that's functional, not one that's lavish. Once everyone has a functional place to live for a fair price, then we can focus on frivolities.

Lmao how many properties do you own?