The result is a few years of lower increases for a portion of the population, and then decades of a slow decay/decline of a once great city. 

It would take some exceptional circumstances to see another metropolis go through a decline like that. 

-NC landlord friendlier laws: https://www.rentcafe.com/blog/renting/states-best-worst-laws-renters/-migration overall is trending south: https://www.jchs.harvard.edu/state-nations-housing-2018-NC is fiscally healthy (#9 ranking vs #32 in Michgan): https://www.mercatus.org/publications/urban-economics/state-fiscal-rankings-NC is a great state to do business in: https://www.cnbc.com/2019/07/10/americas-top-states-for-business-2019.html-Greensboro has an increasing population-Detroit has a declining population-NC has better weather-from a quick google search, Detroit has among the highest property tax rates in the country -property tax rates in Greensboro are low depending on where you are coming fromNot only does Greensboro have a population of about 290,000 people but it is within 30 minutes of Winston-Salem (244K population) and High Point NC (111K population).

UNLESS there is a mass sudden population decline to alleviate housing needs, last estimates was about 30million but if 10million died tomorrow that would help.

June’s reading is the smallest 12-month increase since March 2021 — around the time when alarm bells started sounding about fast-rising prices in the pandemic era — and a significant pullback from 9.1% in June 2022.The report “makes a strong case that inflation is headed back into the bottle,” said Mark Zandi, chief economist at Moody’s Analytics.Easing price pressures thus far are largely attributable to the fading effects of supply shocks caused by the Covid pandemic and the Russian war in Ukraine, Zandi said.The decline in the inflation rate doesn’t mean household expenses have fallen in aggregate; it means they aren’t rising as quickly.And that’s good news for consumers: The average worker’s earnings growth is now outpacing inflation, translating to an increase in their standard of living after two years of declines.

Seller took offer and declined the escalating offers that were competing with mine.

They recently also went bankrupt.It was a city in steep decline. 

I don't pretend to know what's going to happen, but here's what I do know: TH has a high poverty rate (more than 50% of students on free or reduced lunch), steady population decline (despite the universities), large, high-paying employers have almost ceased to exist (DADC) or left (Pfizer and others).

This is definitely not a fantastic track record, but it's definitely made a positive turn after the previous near 10 years of population decline. 

The seller has offered to place a 3rd during escrow, but I declined.