Economic Arguments Against Rent Control

Introduction
Rent control, like all other government-mandated price controls, is a law placing a maximum price, on what landlords may charge tenants. The goal is usually to protect the rights of the poor. Thus, in a rent controlled or rent stabilized building, the amount of rent will not increase as quickly as inflation. While the moral side of rent control may have some appeal, in the long run the disadvantages may end up outweighing the advantages. Rent control can take various forms, including the placing of a cap on the rent that can be charged, and setting limits on how much rent can be raised over time.
Arguments
Economic arguments against Rent Control
Critics of rent control argue that the laws protect old residents at the expense of
Say you change jobs and now work in a different part of the city, or your kids move out, or you'd like to move in with a partner. Normally one of the benefits of renting is that you can move, but with rent control that means switching to a place that's much more expensive.
• Landlords benefit from having their long-time tenants leave. Without rent control landlords love long term tenants because they're reliable and they mean less work finding people for the apartment. Rent control reverses this, and the landlord loses the incentive to upgrade the apartment and otherwise keep the tenant happy. Yes, the landlord is being a jerk when they do it, but sometimes the best fix for widespread jerk-ness is changing the incentives.
• It keeps out outsiders. People who want to live in your city enough that they're willing to give up their existing local connections and start over in your city are really valuable, and rent control means they pay a lot more than people who've lived in the city
Another justification is to correct market inefficiencies such as information asymmetry and high transaction costs. Because of the high cost of moving, tenants can arguably be pressured by landlords to accept rent increases. Tenants may also be unaware of the real condition of units until they move in. If the tenant complains, the landlord may threaten to increase the rent.
Standard contracts perform a service to both landlords and tenants. In many cases in modern society, the state intervenes in contractual relations between individuals in order to provide simplicity, clarity, and order. Both landlord and tenant are helped if standard provisions exist, for instance, which determine what should be agreed on - the initial rent, rent adjustments, date of payment, penalty for delays, conditions for eviction and such. These can provide both flexibility and security.
The problem with rent