Rents were already way above wage growth prior to the pandemic: https://www.cbpp.org/blog/census-income-rent-gap-grew-in-2018 https://www.cbpp.org/blog/census-

Rents were already way above wage growth prior to the pandemic: https://www.cbpp.org/blog/census-income-rent-gap-grew-in-2018 https://www.cbpp.org/blog/census-income-rent-gap-grew-in-201... While I’m sure they’ve gone down a little in certain urban cores, like SF, they remain absurdly high in the midsize, Midwestern city where I grew up and now live. When I moved back, apartments here were going for only a bit less than what I paid in Los Angeles and seem to have not gone down at all. Home prices also remain artificially high because there are less listings and more interested buyers.