If you have a vacancy, there is virtually no cost, outside of lost opportunity cost, and therefore a reduction in stress.

The reduced payments in the begining equal the surplus in the end.HOWEVER, when we apply the principal reduction by way of a fixed principal portion of payment obviously the repayment of principal goes faster.  

He gets paid 30% of the first year assessment reduction, so there is not cost to appeal upfront and no cost if he doesn't reduce the taxes! 

That said I think the first domino fell and this is what I see (again maybe only my market).Buyers have disappearedListings are creeping upPrice Reduction quantity is upAffordability is going to get worse if rates go up moreGood Selling

There were also pills, syringes and probably 100 used Q Tips laying around - it's obviously important to keep your ears clean when listening for the cops. 

If there is room there you may get a reduction.

Take a pill and relax. 

This buyer literally wanted me to pay to rehab the whole house with a the price reduction he wanted. 

Where rent control has been enacted, tenants are encouraged to stay in their unit even if their housing needs have changed in an effort to secure their below market rates and markets have seen a reduction in the availability of rental units.

If I counted principal reduction I literally lived for free.