Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”
Amazing! What a strong argument. I've never heard of this (socialist) guy. Personally, I am a life-long new yorker (and capitalist) living in a luxury, deregulated building paying slightly more than market rate for my housing. My landlord does not raise my rent too aggressively, but could if he so chose. I sort of wish there were laws in place preventing him from doing so, but alas my unit is deregulated. In any case, he probably prefers long-term tenants, so doesn't need the government guidance on what a reasonable annual adjustment to my rent should be to keep me there.
Still lol'ing about you calling me "comrade."