Two things to keep in mind:Firstly, we're in an unprecedented moment for the economy.

These increases in such a short period are unprecedented (and unhealthy).Renters and those who do not hold assets get pummeled. 

While there is still plenty of room to improve, if all you can do is play the victim card during an era of unprecedented equality laws, then I suggest taking a long, objective look in the mirror.  

Quote from @Jay Hurst: Quote from @Grant Shipman:  I saw a recent survey that 60%~ of potential buyers thought that today's interest rates were unprecedently high!

Who can really predict what's going to happen with accuracy as these are unprecedented times.  

But, in my humble opinion, the main driver here is simply mechanics of money.The US govt has increased the money supply at an incredibly unprecedented rate.

We are in unprecedented times anything can happen.  

Landlords who have purchases buildings in highly desirable areas with almost no fudge factor will have to dump those buildings unless they can float the gap and the legal fees for an eviction (which will take an unprecedented amount of time      c. remember all of those rentals held by big funds?

Meanwhile in Illinois I can't even go to the gym any more...I think the impact of this will be deep but once the pendulum swings the other way the recovery will be unprecedented.  

My employer never liked the fact that I invested in RE, but its exactly what will keep me afloat now in this unprecedented time.