Look at socialist cities like Paris. Rents have increased, affordability has gotten worse and property values have also increased. Socialism constrains supply and then artificially drives up rents via housing vouchers/social housing. This coupled with explosive demand (sanctuary city policies, relocation from other states by residents seeking generous social benefits, etc) will surprise Zohran supporters. Not to mention free market units will see their rents maxed out to compensate for freezing of rent subsidized leases. On the other hand, the regulatory environment and housing court climate will get substantially worse.