@lina I wish them luck in lowering their rents. It's a weird time (probably) across the world.
This is true, and (IMO) also insane. For example, the place I used to rent in college started at $650 (in 2007'ish) and is now going for $1300. Granted it's been a few years, but wages have not kept up. The only way to keep at entry level is continuous moving and you still lose ground.