Quote from @David Kanarek: "Three Strikes and You're Out"I gave you three chances to demonstrate a moral/ethical clarity publicly and you declined all three times. 

Is this a highly populated area, are there lots of jobs, are people moving to the area or is the population declining?

The analysis also reports that new multifamily development will “remain near the average recorded over the past five years”.Integra Realty Resources’ 2017 Commercial Real Estate Trends Report ranks Pittsburgh #2 on its Top Markets by Multifamily Transaction Volume Based on YoY Change.Pittsburgh’s rental vacancy rate has declined by 25% over the last five years.Pittsburgh is booming with developments (see reference #6), “there is no better place to be a developer right now than in Pittsburgh.

.- using year 2000 includes one significant property value decline. - neighborhoodscout includes the year 2000 in their free infoI would use 3% (it has 2.9% since 2022) long term appreciation.  

I grew up in that area, and it's not great - declining population, stagnant economy that relies on 1 major employer (Caterpillar).

I asked them to pay 2 months deposit so I may get more surety, but they declined saying they cannot afford it.

We're starting to see the fallout from this - borrowers cant exit deals without taking a loss but are refusing to accept this.SC seems to be doing OK at the moment, but Louisiana is seeing price declines.

With these declining commercial spaces, these communities could be at risk for blight.If you look around, you will see new retail spaces.

Lenders have been accommodative for the last couple of years because they were facing a declining market with no buyers. 

A C-D can experience market decline. because there not the greatest areas, people are not exactly clamoring to live there, they live there out of budget necessities.