💯 related.
Housing costs can be moved dramatically by a small amount of people with a lot of money. We saw this happen all over the US during covid. Folks don't really get this drives up everything b/c if you think about it rents affects businesses and they have to raise prices to keep up, so up goes groceries, supplies, eating out, movies etc
Two examples:
https://www.sfgate.com/bayarea/article/Tech-workers-moving-Palm-Springs-17229077.php
and
https://thehill.com/homenews/3909339-yes-it-is-remote-workers-who-spiked-housing-rent-costs-study/
I tried to find a larger study of this but was not successful. I need to look again one of these days.