There was the Great Depression, and '08', THAT's IT folks, 2 times ever.

Often times, a financially depressed area can be a great place to own a property, provided the mortgage isn't to high to be covered by the rent.I am working with a developer in the Iron Range of Minnesota right now who buys properties and rents them out to a lot of people who are section 8.As far as looking for a new property to buy, it's good to think in terms of the the equity that you will be able to generate with that particular property over time.

In a market where rents are depressed, the RC will often be significantly higher than the ACV.

In the Great Depression, 30% starved, 40% survived, 30% made more wealth/money than God.

That would've been depressing!).

I talked to one Realtor during that time who told me he was selling houses, hiring his third buyers agent, and that even in this "worst market since the great depression" he was increasing his sales every year.

But just understand when you are lacking motivation and may be feeling a little depressed that it is just a temporary feeling; push away and take a break.

When the Great Depression hit and businesses from every industry cut back on everything -- especially marketing and advertising -- P&G didn’t.Why?

Even if the record owners have lost interest, due to relocation, drugs/alcohol, other disorders, incarceration or death, neighbors and community government people and secured creditor "people" care. 

Current area depressed looking for a better neighborhood (ours is ideal).