“Price controls wherever they have been tried in history...”
Do keep up.
Nowadays price controls are typically only partially imposed, say on 30% to 50% of the housing units for the likely loyal to leftist politician voters. The remaining units are not price controlled. England has its Section 106 agreements, but “affordable” unit set asides are common in famous US ‘blue’ cities.
Imaging a new building where the cost of the units would require rents of at least $1600/month. If 40% of the units are rent capped at say $1000/month, the remaining units would have to be marketed at $2000/month or more.
However, such price differentiation is tougher to do in the supermarket environment since SNAP benefits often enable the lower declared income leftist voting block folks to buy just about any human consumable product sold by the store.
With the new Labour government in the UK, the leftists are going to try to force the owners of “grey belt” land to sell it for “social housing” (i.e. ‘low-rent’ housing) at far less than the market price of ‘housing estate’ development land.
As the UK is supposed to have an independent judiciary, Labour might not get to do that.
I’m very well aware of these price control mechanisms and their deleterious effects. I named the two I did because of how spectacularly they failed. I could have listed Nixon’s famous ‘price freeze’ or the more recent experiments in Venezuela... the basic rule holds, ‘price controls cause scarcity.’