The article is based on # of sales, not price increase or decrease.

Increased housing inventory as new developments hit the market.2.

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

Don't forget to ask when the last time everyone's rent was increased - with section 8 you can only do that once/year. 

I have the ability to put 25% down or more to increase cash flow.

I will be sure to increase my rice in the future!

It would actually be a net PROFIT given the huge increase to tax revenues.