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I honestly believe my friends aren't motivated by keeping their house price up, they just don't understand simple supply and demand. I tried explaining rent controls don't work, they even agreed but said "something must be done". Rent control is the easiest solution to justify and implement. I really wish supply and demand was taught in schools.

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Rent control also has the opposite negative effect of causing a lot of people to stay still forever, causing the only AVAILABLE rentals (that all smell like cat pee, laundry detergent/freshner and next door to basketball hoops) to be $3500 a month.

If the rent wasn't controlled then the nice apartments would be available at $3500 and the pee/laundry baskebetball ones would be available at least at $700/mo for those that need housing.

Serious question. What's wrong with living next to basketball hoops? I live across the street from one in NYC and consider it a big positive to have a park nearby.

Presumably the noise. It's a pretty common source of friction between neighbors.

They can be noisy when there's a kid just shooting for half the day. If you're outside of the noise shot and you have good insulation, then it's probably fine.

My guess would be noise. A basketball hoop across the street is an amenity, but one right outside the window might be an annoyance.

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