Correct the amount of apartments remain the same. The number of people moving around to new apartments dropped so the 2 month gap from a tenant moving out and i

Correct the amount of apartments remain the same. The number of people moving around to new apartments dropped so the 2 month gap from a tenant moving out and into a new place disappears. This was what increased unavailability a constant queue of demand. Suddenly apartment costs will drop and cost of living will follow suit. This is a boon. The tech industry is what stirred this originally where businesses were not stabilizing in the wages for tech. People were forced to move to take a better offer and so it created an artificial inflation purely on the demand gaps. Now people are settled back in post covid and things are just too expensive to move around availability including jobs will skyrocket and the pay will rise too reproducing this exact cycle we just went through. It is a cooling off phase for now.