So that is a good point. Demand is related to price. Lower the price, demand increases. Perhaps we've reached the point where all those who want and can afford

So that is a good point. Demand is related to price. Lower the price, demand increases. Perhaps we've reached the point where all those who want and can afford apartments priced $x and above already have apartments, but there are not apartments priced $x-$z available. So we will just have to see if prices continue to drop.