Installer hangs on "microk8s : Wait for microk8s to be ready" task

Issue
The installer is hanging at this step:
2022-10-20 18:41:25,994 p=304 u=element-user n=ansible | TASK [microk8s : Wait for microk8s to be ready] ********************************
Environment
Element Enterprise Installer 2022-09.02
Red Hat Enterprise Linux 8.6
Airgapped
Resolution
In 
parameters.yml, make sure the following is set for 
local_registry:
local_registry: localhost:32000
Once you have set this to 
localhost instead of 
127.0.0.1, you can re-run the installer and the issue should be resolved.
Root Cause
The root cause of this issue is that specifying 
127.0.0.1 for the 
local_registry causes microk8s to not be able to access the local registry and thus cannot finish setting itself up. As a result, the installer constantly waits for microk8s to be up, which never happens.