Due to rate increases, I was not planning to refi after this rehab so the challenge is not a problem in this instance.In addition, non-commercial residential in my market has shown no decline and is up significantly YOY.  

Would sec 8 decrease the rent to the calculated fair market value of rent or at worst case scenario remain the same and sec 8 decline the increase?

@Grey FraserReal estate markets show cyclical growth, stability, and decline.

@Marcus Auerbachinteresting post.i really don't know.as @Cody Roberts pointed out, another thing that is happening at the same time is an incredible reversal of population growth - from the doom and gloom, overpopulation predictions of the 60s and 70s, to the likely peak of human population by 2060 or 2080, followed by probably an irreversible decline. 

But, the fact is that our home has been declining in value since we purchased in May of 2022 because we bought during the "Covid Bump", and the market has been depressed for the past 2 years. 

That includes that I as listing agent/broker may DECLINE dual agency or facilitator agency service unto a buyer. 

The reduced demand causes rents to decline but at the same time the tax base is eroding from the employer closing up shop causing property taxes to spike up.

@Joe Villeneuve , I used Detroit as a decline in rents.

Beyond that period, new applicants will need to wait until the current active rental list declines by roughly 100 permits. 

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs.