I also just updated to emacs 28.1 and have the same problem.
- Bug#1017757: emacs: early error: no suitable directory for ... Florent Rougon
- Bug#1017757: emacs: early error: no suitable directory... Florent Rougon
- Bug#1017757: Same error with emacs 28.1+1-2 Luis Finotti
- Bug#1017757: Same error with emacs 28.1+1-2 Luis Finotti
- Bug#1017757: Same error with emacs 28.1+1-2 Florent Rougon
- Bug#1017757: Same error with emacs 28.1+1-2 Florent Rougon