There are no legitimate "market forces" when the US feral government is pulling the strings.
Years ago, when we sold our house in town to a ner-do-well couple, one of the first things she told her kids was...”Now don’t tear this place up! We own THIS house.”
I went by it not long ago. It is the sore thumb of that neighborhood.
A friend in California rented his house to a family. When they left, the house was trashed. He found the toilet was stopped up, so that family had knocked a hole in the closet floor and used the crawl space beneath as a pit toilet.
Then there was the people near here who rented apartments. One day one of the tenants was arrested and is in jail. The owners had to bring in a roll off trash container as the house was full of trash. All the drywall had to be removed, and basically rebuilt from the ground up.
Some people are just “White-Trash”. (Opps! Is that racis?)