I live in a rent controlled area, it sucks. Nobody wants to move, because then they get stuck with market rates which are waaaay higher than they should be, since landlords force new tenants to subsidize the old. Landlords don’t want to do maintenance for old tenants who are paying under market, so they do the minimum. Popular tactic is “renovating” the suite next door with jackhammers. Any excuse will be used to evict a tenant and reset the rate.

Lots of units just go to Airbnb which doesn’t get rent controlled and as a result vacancy is super low and it’s hard to find a place at all.

I’d rather just pay a free market rate.