R.E. Investors (not owners) will reallocate capital into real estate for the obvious reasons - less friction, etc. and higher performance. So that should eventually reduce some of the monetary premium that has gotten out of whack.

And honestly, most R.E. investors don't like real estate. So they can divert their attention where their talents lie rather than solving a problem someone else can (who likes toilets, trash, tenants, and taxes).