This government behaves like headless chickens and have no idea what to do. They choose most populist steps to secure their electable future and that is all.

Rent control is negative and no need to elaborate that.

While housing bubble needs to burst. Sooner they do something about it less damage it will be.
If they wait we may experience even great depression all over again. 
Household debt is highest in history, housing is in bubble, wages are not growing, jobs are scarce so we have all ingredients for big calamity to happen.