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Yes, good for people who get rent control. Bad for everyone else.

How is it bad for society?

it limits the supply of apartments to the market, which drives up prices.

Isn't that a paradox? How can you drive up prices when you have rent control?

Drives up market prices for newcomers.

What does newcomers mean in this context? I thought rent control meant prices were capped, and that you can't drive up prices due to that.