That about matches this story, but some places had small drops and the hidden price reductions by keeping monthly price high but giving free months. https://www

That about matches this story, but some places had small drops and the hidden price reductions by keeping monthly price high but giving free months. https://www.seattletimes.com/business/real-estate/renter-boom-apartments-filling-up-faster-in-seattle-area-than-anywhere-in-the-u-s/ https://www.seattletimes.com/business/real-estate/renter-boo... Maybe I was too much on the dropping side but the article says prices had been booming like you said for a decade and 10k units were filled and then prices stabilized.