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by NotSammyHagar 2135 days ago
That about matches this story, but some places had small drops and the hidden price reductions by keeping monthly price high but giving free months. https://www.seattletimes.com/business/real-estate/renter-boo...

Maybe I was too much on the dropping side but the article says prices had been booming like you said for a decade and 10k units were filled and then prices stabilized.