I need you to explain why you think it’s bad. What is the harm you’re perceiving.

Building takes $xxxx dollars to maintain. The profits from that building need to exceed that in order for you as an owner to even want to do anything with the building like repair it…

Let’s take an obviously fictitious example of a 2 apartment building that needs $1000 to break even for taxes, mortgage/loan, common utilities, etc.

If one apartment is rent controlled and you’re only allowed to rent it at $250, then the other must get rented at $750 in order for you to just break even on the property.

This would be their logic. And it’s not “bad” logic.

When without rent control you’d see closer to $500 split evenly between both units.

Now obviously you’d see overhead for things like repair and maintenance, but that once again disadvantages the “new” people even more. $1000 might break even, but you need to charge extra for renovations and such. Since $250 unit is capped, that falls all on the “new” owners which may see $950 or even more in rent costs.

Where in an “even” world… maybe $600 each unit.

clearly i either don’t agree with whatever morality you’re waving at or i dont see its application to the situation. dont be lazy, defend yourself. what if you’re right and all i see is that guy attempting a point and you being like, ‘nuh-uh.’ what am i supposed to think.

This is why they ignored you. This is bad faith and disingenuous as fuck it doesn’t take all that much to come to the conclusion of how “new” rented would be subsiding the old ones. You didn’t have to act like an ass. You are allowed to use your brain.

But once in, the new people become the old people and benefit as well.

This simply kicks the can down the road and makes it impossible for the “new” generation to actually get in to begin with which stagnates the whole neighborhood (less new people to come start business, or work jobs that the “older” folks aged out of). In the meantime, units stay vacant, building gets less income overall making it infeasible for the landlord/building owner to actually renovate and fix shit.

Edit:

Without rent control, old people would be forced to move out of the city, taking thier income (social security, pension and what not) with them.

Which is not competitive to actual paying jobs at current market rates typically. The old person moving out to the suburbs where things are more affordable typically means the space becomes available and can be filled with new blood that can go and work which is a much bigger boon for the economy than someone strictly drawing retirement.