[andrewjl]

That's not even close to showing it as a non-issue.

I'll share one example, what happens if a landlord of an older / aging building filled with rent-controlled tenants wants to tear it down and replace with newer and denser construction? Can they just evict the tenants? If not, then that parcel of land is effectively unbuildable. Multiply that by how much rent controlled housing NY has (quite a bit) and it's not difficult to see how it impacts creating of new housing.