Total idiocy. Rent controls have always reduced the number of housing units as it discourages new housing from being built. Owners of more desirable rental housing will simply convert those units to condos.
Converting them to condos won’t do them any good the younger generation can’t afford to buy or get married they are under so much student debt buying is impossible!!! Unless you get into the tech industry in Northern Ca. businesses are fleeing CA. where the hell are these condo buyers going to work???