> Those price increases incentivize builders to increase the housing stock
Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.
Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.
Or make it possible to build new housing. Rent control is a subsidy to existing residents to the detriment of people who would otherwise move to the area.