Prices can only sore if there are buyers. There aren't any.

Where this inflation in house prices has come out of is lowering interest rates, and a bigger percentage of people's incomes used for housing expense.

Currently, people's income is going down. (layoffs and necessities inflation)
and interest rates are going up.

This means house prices and rents HAVE TO go down.
That anyone looking at the tent cities can say, there is another price surge coming is trying to sell their house(s) before it falls too much. (there may be a surge as blackrock buys up properties in certain areas)

We have entered a depression. Rents need to drop. And they will. So, landlords had better work out their budgets to do so.