Rent Contol: Open-and-Shut Case?

[Brad De Long]

>There is no evidence at all that rent control (which as someone else
>mentioned, only extends for the life of the lease in SF anyway) restricts
>new construction.

Of course it doesn't! Real estate developers pay for the construction 
of apartment buildings because they like to watch the birds that 
perch on the windowsills! They are completely uninterested in profit! 
They are completely unresponsive to market forces! They are... 
<gurgle>