By the same token, rent-controlled apartments are unjust to the non-techies who are not in them.
To me it is plausible that the average price of an apartment would actually drop if they were no rent-controlled apartments. You would have more supply etc...
Unlikely. Remember that in San Francsico, just as renters are insulated from the real price of the rental, landlords are insulated from the real price of owning the land (via Prop 13). Repealing rent control without repealing prop 13 will just screw renters. There's a reason rent control was enacted shortly after prop 13 passed.
To me it is plausible that the average price of an apartment would actually drop if they were no rent-controlled apartments. You would have more supply etc...