That loophole you alluded to will be fortified because the value of commercial property will artificially be depressed, that can only be worse for the city.Again, you are spot on with the political implications in that something HAD to be done, but that's not to say that something wrong had to be done.

I just read this entire thread, then I realized it's Christmas, how depressing.

My own journey is heavily influenced by my parents (Dad mostly) who was in turn influenced by his parents (children of the Depression).

The ceiling isn't drywall, it's plaster on plasterboard, house was built in the Depression, there have been multiple repairs here in the past. 

Rather than letting my situation drag me into a never ending depressive pit, I managed to get 25k erased.

Both parent were depression babies and I grew up hearing the stories about lack.

It is not rents are going up as much as they were unreasonably depressed for decades...IMO.

I believe this to be mostly due to the lower than average home prices and the fact that the somewhat depressed area economy keeps some folks out of home ownership and into the rental market.

At the last sale in Madison County (Anderson, IN...depressed area), nice homes went for 50-100% of assessed values with back taxes owed just a few thousand dollars.

It’s depressing.