The thing about real estate though, is that supply is inelastic. Your one landlord cannot just turn up production and pump out a million widgets of housing. They’ll sell out, fast. And you’re back to square one.
All the sophisticated (institutional) landlords modeled and realized that with higher prices and lower occupancy rates they still make more money, and they all use ONE company to set their price on each unit.
Don’t blame the president: WE decided to go in and kill a ton of Taliban, WE decided to spend actual trillions standing up and equipping an army that did not give enough of a fuck about anything but grifting. The ANA did not even try to slow down the Taliban when the US stopped acting as a backstop. Afghanistan never really thought of itself as a cohesive nation, we were never going to change their psyche.
I’d rather blame Bush and Obama for sinking trillions into helping their friends get rich at the cost of everyone pretending we were building a real country.