It's a powerful tool for real estate investors; but also crucial to our economy as a whole.It’s something economists spend considerable resources tracking & attempting to adjust on federal and state government levels; but this dynamic is often better demonstrated on city/town levels simply because the results are more readily seen.Let's take for example a small town that needs a traffic light; but can only afford a stop sign.

They call us "Greedy landlords"  http://www.tenantstogether.org/events/renters’-day...http://homesforall.org   If you dig deeper these groups are funded by huge large scale politicians who really want to get mass votes.Economic rent control articleshttps://fee.org/articles/the-case-against-rent-con...https://www.economist.com/blogs/economist-explains...      

It's been feeling like this for a while but now the "experts" at BOA (probably from the Countrywide division) are weighing inBANK OF AMERICA: The most important segment of the housing market has peakedBusiness InsiderAkin Oyedele,Business Insider•September 24, 2018manhattan real estate housingmanhattan real estate housingMoreSpencer Platt/GettyThe top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch.They cite worsening affordability, higher mortgage rates, and price cuts as reasons sales are unlikely to bounce back after peaking in November.They no longer expect existing-home sales to contribute to the economy's growth.The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch."

The rising tides that were seen during the mid 2010s are long gone and we are nearing the peak of the economic cycle according to many economists. 

http://www.latimes.com/business/la-fi-costa-hawkin...lhttps://www.facebook.com/latenantsunion/http://www.dailynews.com/government-and-politics/2...Here's some info to share with your local politicians and State assembly:Contacting Califronia state assemblyman:http://findyourrep.legislature.ca.gov/You should also look up your local city council members and contact them.Almost every Urban Planning and economist organization agrees that rent controls hurt local governments/cities:

Economists estimate we're still some 5 million housing units behind the demand.

“We are likely to have to two rate hikes this year, probably in June and December,” said Diane Swonk, an independent economist in Chicago, “but the wage gains are important, so March can’t be ruled out.”

Feldman*(1) Rich Dad’s Success Stories: Real Life Success Stories from Real Life People *(1) Who Followed the Rich Dad Lessons by Robert Kiyosaki*(1) Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D.

Pending sales have seesawed since January, indicating a turning point for the market," said Lawrence Yun, Realtors' chief economist.

Mahir Rasheed is a U.S. economist at Oxford Economics and he wrote that "Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground…"There has been a smaller increase in the past year in home prices of new builds versus existing homes (18.1% versus 23.6%).