That's what makes it one of the weakest. The housing market does not follow a standard supply-demand curve for a number of reasons.

> Rent control has never been good anywhere.

Citation needed. Rent control has helped a lot of people find stability in a time of need, enabling less trauma, stress and improving chances of class mobility.

> In fact, it decreases supply by not shifting prices higher to induce more production.

Is this a real effect that you can measure in the real world? Has this ever happened in reality before? Or is this a theoretical concept? One that you assume plays out under ideal circumstances and that I assume are never met in real life?