But in my understanding you are talking about the delta, year over year. Trends. Would it not be a case of 500 applicants for one apartment reduced to 300, givi

But in my understanding you are talking about the delta, year over year. Trends. Would it not be a case of 500 applicants for one apartment reduced to 300, giving a landlord no cause to lower rents? At least that is what I am observing in major cities where I am living.