The sun belt took wind out of their sails. And even they are starting to see softening demand. Miami just cancelled an A-class commercial high rise due to weak demand. In Austin, rents are tanking.

It’s very hard to revive a town or city when the tax base is way down. I thought Detroit was going to succeed but they simply have too much ground to manage with their revenue. And there isn’t a way to shrink a shrinking city.