The New York Times published an in-depth analysis of the experiences of rent control over the past few decades (see link below). The building owners displayed amazing creativity in working around the laws, via the state legislators and real estate lobby, by slowly and methodically defanging all the government enforcement and protection mechanisms.
Behind New York’s Housing Crisis:
Weakened Laws and Fragmented Regulation
Perhaps it would be best to get more housing projects approved in Santa Cruz County, and fast track development, rather than replicate the New York situation with rent control.