With weaker demand rents would have actually fallen a lot more than now. That in turn would have an impact on asset prices in the long term.
Will it be fairer to employees ? I don't know, there will be lot more pain for employees without government intervention.
However with Quantitative Easing or bailouts and COVID loans means the rich are not paying the same price as well, that is why rich are becoming richer, poor suffer either way.
Not necessarily, demand in Bay Area for example is not really connected to homelessness all that much.
While rents have dropped a bit here, it more likely to get 2 months rent free rather than actual drops.
In a tough economy I would expect rents to drop and in turn asset prices as well.
The 6 trillion pumped in has to go somewhere, if it’s not inflation of consumer goods, it is inflation of capital goods. This has made it incredibly harder for mobility and wealth inequality
Will it be fairer to employees ? I don't know, there will be lot more pain for employees without government intervention.
However with Quantitative Easing or bailouts and COVID loans means the rich are not paying the same price as well, that is why rich are becoming richer, poor suffer either way.