The city declined to authorize this, even with approval from both tenants.

As soon as I offer proof you decline lol.

The decline in the price of oil and the political culture will be anchors for years to come.

I certainly didn't know you had to accept or decline the request.All that being said, sorry if I was one to bother you or anyone else.

I'll add declining population as well.  

Eventually, and I fear we are getting close to this point, the market will flatten out and possibly decline because the supply/demand will shift.

If you pay more down, then the C/C declines until the point that DP = PP, which would be all an all offer cash and c/c = CR.My focus has been to evaluate the CGI and then the Expenses (determines the NOI).

Not sure about the population statistics but saying the population has been decreasing for the past 20 years does not seem to jive with reality.Looking at the Louisville CSA (Combined Statistical Area) on Wikipedia shows the following:Current Est: 1.490M2010 Census: 1.452M2000 Census: 1.292MHere's a graph of Jefferson County population courtesy the Census Bureau...hardly looks like a decline to me:Despite my disagreement with the numbers and your sentiment I'm perfectly fine with you not wanting to invest in Louisville...more opportunities for the rest of us :)

Worst case, they decline or not respond. 

Or do I ignore the potential price declines and stay focused on cash flow?