yes ... $4000 US Dollars for a one bedroom is literal crazy talk. Obviously, people are willing and able to pay those prices right now because they have to live specifically there to get those specific jobs. But if they could work remote, they could live anywhere their heart desires ... closer to family, closer to friends, closer to nature, closer to a local music scene, closer to the beach ... whatever their heart desires.
Obviously many people have laid down roots in those extremely high cost of living areas at this point so just moving can be tough, but we need to spread out man, cause $4000 a month for a tin can just ain't a good life.