Rent Control (absolute caps on prices) doesn&#x27;t make sense. In NYC, a small number of apartments are under it and have ridiculously low rent. Rent Stabilization (limiting how much landlords can raise rent on existing tenants) sounds like a bad idea economically, but it can be very hard on tenants to have their rent raised dramatically so they&#x27;re forced out of their homes. The initial rent prices are set by the market, so it shouldn&#x27;t discourage investment and development of buildings.