EXCERPTS:
"A 2001 San Francisco study showed that 49% of that city's rent-controlled apartments had only a single occupant. Three quarters of the controlled housing was more than half a century old, and 44% was greater than 70 years old. The resulting severe housing shortage forced thousands of people to make long commutes to their jobs in San Francisco. More than one-fourth of rent-controlled households had incomes greater than $100,000 per year. This 1979-2001 assessment gauged the actual (rather than the intended) economic impact on occupancy, housing supply and the beneficiaries of the politically popular rent-control program.
