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Generally a discredited idea
Why? Works well in plenty of places.
Other than the landlord-centric concern of it reducing property prices, what's the catch?
Stonehedge-
Where? My understanding is that it leads to a shortage of rental property which blocks new tenants, and a disinclination to improve current property.
Krugman..
https://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.htmlEdit to add.. a gloss
https://www.governing.com/gov-institute/voices/col-rent-control-bad-idea-making-comeback.html
hurricane_run
Surprised that there is an appetite for rent controls here.. Generally a discredited idea (Krugman even regards them as so).
Re the Fannys... They ventured underwater in 2008 when the credit markets went AWOL.
My view is that the central banks are currently nakedly pretending to understand the current crisis. The inflation of the 70s wasn't a steady line; it happened as a succession of spike events. Likely that we'll see something similar now.
Chancellor..
https://themarket.ch/interview/edward-chancellor-central-banks-delayed-the-day-of-reckoning-ld.7051