About 10% of these voucher holders are just like you and me, they take care of stuff and don't destroy everything.

If there isn't room for a new drainage field, then if a unit is ever destroyed, you may not ever be able to replace it. - What are the current rent rolls vs market rents? 

OMB destroys the local competition at 85% LTV, and SOMETIMES 25yr am depending on what you're buying.

If the property values in your market soften, if the tenant moves in and destroys it, fire, earthquakes, floods, hail, hurricane, another lock down requires you to keep a non-paying tenant - honestly anything - and my position in the property is at jeopardy.

First it will destroy their credit, so they loose the ability to buy a home.

I had some issues getting a loan (originally was approved for financing including the rental income from the Chadwick Shores home, literally a week before I was set to close the underwriters decided to not include the rental income which destroyed the D to I Ratio and had to scramble to get financing, all while overseas hah). 

They did not do their job when the tenant moved out, the property had so much trash and was destroyed.

Gravity forces water to travel down the building and it destroys anything in its way.

As that becomes more accepted, it will likely become more common.Again, this won't destroy the markets in these cities, and I doubt a 35% dip is realistic, but I wouldn't be surprised at some shift downwards.

Cynically, I also think that the most ambitious employees will want to be in the office where they can cozy up to the powers-that-be and brown-nose more effectively.And, to the extent that people want to be in the office, Covid may be the moment when people realize that the open-plan office is a great failure and a destroyer of productivity, not to mention a spreader of germs.