Not really. Landlords are price takers. If their financing costs are higher than market rent, then they have to live with it. Plenty of landlords are negativ

Not really. Landlords are price takers. If their financing costs are higher than market rent, then they have to live with it. Plenty of landlords are negative monthly cash flow. Rent in SF dropped by 20% during Covid. They had no choice and it didn’t matter if it didn’t cover their holding costs.