This is because a) these people vote and b) sometimes these people are the current occupants and may be out of the economy -- seniors especially. Thus, while some people can afford rent increases others cannot. A politician seen as throwing octogenarian widows onto the street is going to have trouble getting elected. Thus, we have the introduction of rent controls because natural market outcomes are socially undesirable.
3.
Where I am from, the market controls the rents that people pay, for the most part. There are no rent controls, but there are limits on how much the rent can be increased in a given year without significant renovations. Even this seemingly minor law distorts the market. The first is that landlords often raise the rent by the maximum each year, knowing that they cannot "bank" such increases for later. So the control locks in the annual increase for renters every year. Also, landlords have incentive to renovate apartments. This increases the quality of the stock, but it also decreases the amount...
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