Not with rent control. If we're in a low price market, it and a renter snags rent at a low price, he gets you locked in at that low price even when the market recovers.
Rent control incentivizes empty housing during bear markets.
>>toomim+(OP)
This is true, rent control adds a complicated calculus to it. At first they were doing things like "first month free" to get around it, but the city caught on and made that against the rules too. I wonder if they've looked at how that affected vacancy rate.