Again, that's supply and demand. In NYC there was a demand hit when COVID started and there were great deals on rent. That's gone away because people have sort of come back.

My point is purely logical - the way to get rent down is to either increase supply or decrease demand. If crime, etc gets bad enough, demand will drop and rent with it. The argument you're making (implicitly) is that things haven't yet gotten bad enough for people to move out.