Once all the bad actors get evicted (renters who abused the eviction moratorium and decided to not pay rent), and courts get caught up on landlord-tenant cases,

Once all the bad actors get evicted (renters who abused the eviction moratorium and decided to not pay rent), and courts get caught up on landlord-tenant cases, prices will stabilize. A lot of what we're seeing with COVID is a temporary overshoot in the other direction. Houses and apartment buildings didn't disappear during COVID. And you don't need a long elaborate logistic chain to be able to rent or lease a space.