[kareemsabri]

That's an issue. It's debatable whether it's the issue. But yes, obviously if every apartment has the same rent ceiling nobody will have a reason to stick in one of the lottery apartments forever. Good luck getting that passed in NYC/SF.

[sudosysgen]

Deep down, another goal isn't just to lower rents, but actually to lower property costs, and well implemented rent control helps do that. I agree it's going to be hard to get that passed, but that's going to be true for literally any real solution to housing because they all imply hurting the mass of current real estate investors very hard.