I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

Maybe you won't find anyone in his community saying they are not getting their value there (at least not out loud) but that's probably because saying anything at all critical there will apparently get you kicked out immediately (guess the community is only "forever" if you keep any constructive criticism to yourself).

I'm a licensed contractor based in Morocco with over 20 years of experience in construction and real estate development.

Appreciation is how you can make money in markets where price points are disproportionately impacted by construction costs not with cash flow or flipping. 

Constructing new homes and selling them is extremely difficult and challenging.

The Prosper Construction team redeveloped this building back to it's original glory.

Additional Context:- I'm usually a DIY everything guy because I grew up doing construction and farm work.

If you can hang on into next spring/summer I bet you'll get better rents or be able to sell.How about asking your lender to push a monthly payment to the end of your term for the purpose of fixing the asset?

Is there a lender who will lender who will give the construction budget right at the closing (when I purchase the property)?

There are also home buyers who want to look in the area before they buy, home sellers who sold and have no place to go and want to look, contract workers in the area, construction workers, insurance displacement, and more.