No it does not. We already researched this, and it shows clearly that rent control makes rents go up. That is not debatable. Every single paper looking at the effects of rent control on the market, shows it makes rents go up. Every single time.
Just had this play out with St Paul and Minneapolis. Rent prices were actually falling in both cities, but St Paul passed rent control laws. In Minneapolis, rents have continued to fall, but in St Paul, rent prices started going back up after passing rent control.
After passing rent control, they found that new construction of housing and apartments fell by 48% across the city.
Apartment permits declined by 48 percent in the past year in St. Paul. The city’s voters approved one of the nation’s most aggressive rent stabilization ordinances in November 2021.
www.planetizen.com
In one single year of rent control. This isn't debatable. You are just simply wrong, sir.