Here lies the source of unaffordable housing crises. Economically ignorant people who demand that the government freeze rents, which causes landowners pull back on investing in rental units, which decreases the number and quality of units available, which invariably raises rental prices. A story as old as time itself.
Nov. 9, 1925: More than 1,500 people representing neighborhood tenant groups rally at New York City Hall, calling for extension of rent control laws.