Megan links to this piece on the evils of rent control. I haven't studied the issue enough to draw a firm conclusion. That said, I kind of retch at the thought of artificial controls on the rental market in New York. It's very hard for me to imagine that prices would increase with more apartments on the market. And Charlie Rangel, who actually defended occupying multiple rent-controlled apartments while owning property in the DR which he paid no taxes on, doesn't help the case.