I think that comment is talking about evictions and rent increase moratoria we saw during COVID lockdowns. It was very close to a black swan event, at least for

I think that comment is talking about evictions and rent increase moratoria we saw during COVID lockdowns. It was very close to a black swan event, at least for me. Now, reality has changed and landlords need to plan for the risk of not having income for several years. It’s not normal rent control/stabilization, so the long term effects are yet unclear. For now, leverage is risky, so new investment is going to be hard to come by.