Indeed. I have a friend who lost everything during covid and he's in a program for people in extreme life situations. has been for the last two years. At the end of this year the Bezirk will not extend the program and he literally cannot find a place. ALL rentals are above the rent he's eligible to receive as a single household. Hence, he'll be homeless by March unless something changes dramatically.
This guy used to have a restaurant with 11 employees for 15 years.