And depressing.

Hey @James Thompson Such a personal question, but coming from a realtor and investor in FL, most of our markets are pretty depressed and therefore finding lots of great buying opportunities now.

Stayed open thru the depression.  

At the end of this year, I'll be moving back to San Luis Obispo County, CA, and I have been a bit depressed looking at the housing prices. 

Johnstown is in an extremely depressed part of PA.

If you examine the data you'll be able to see if rents in your market have rebounded since then or are they still depressed . 

Not the first won't be the last.This will depress home prices as people liquidate their STR's in the area.

If my rental income fell 50% (which has not happened nationally since at least the Great Depression), I could still make payments indefinitely but because the loans are non-recourse it may not be smart to do so (depending on what has occurred with property value).I suspect that negative cash flow does not imply over leveraged is the point that many of the cash flow over appreciation are missing. 

We had 9/11 and a pandemic and a Great Financial Crisis but none of those even came remotely close to the Spanish Flu or the Great Depression.

This is pretty depressing.