The only problem is there are people that could and would take advantage of a rent controlled property. My friend has an old roomate that moved out to California to live with a woman that has had a rent controlled residence for 13 years I believe. I asked him if he would ever give up that property if he decided to move and he said they would rent it out or sublet I guess is the proper term, and they were would most likely charge the going rate. Good people huh?
Said person in the above example is a die hard liberal and works supposedly for the under priveledged yet is sitting on a property that she could afford to pay the going rate but is taking advantage. I believe the place is near or around Beverly Hills / Santa Monica.
That's the only problem? Sounds like you caught the RINOvirus.
My parents used to own apartments so trust me I know all the hideous things that bad tenants can do.
My solution was to leave that terrible place... L.A.