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Why it's time for a serious debate about rent control in Canada
(financialpost.com)
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The full context of this is economists don't think it's a long term solution but their other proposed solutions is even less accepted by politicians and the masses.
As such like many of the larger problems we have we're left with a temporary solution that's implemented long term.
When people criticize rent control at best what they're saying is if we bottom out on a problem the only way we could go is up. Ala electing Trump.
Their other proposed solutions aren't accepted by politicians and the masses, because there's too many people benefitting from the system fucking the next generation to want to change it. We're literally living in the largest pyramid scheme ever constructed.