Don't let that "Ka-ching, Ka-ching" sound depress you.

Bottoms will vary by region, with the sunbelt area's coming to the light first :)The expect the rustbelt who has been in a depression since the late 1970's to really take a beating.

I have no idea where he's been since, but he runs some sort of investment outfit and seems to have survived so far.The same high-risk stupid bets had brought down the system several times in the past, the most famous being the Great Depression era, which made the high-risk idea rather unpopular for quite a few years.

For instance, in the bond world, you have AAA rated bonds and if you've been investing in AAA bonds and that's what your comfortable with, if yields are depressed when you have money to invest, dropping down to a AA or A rated bond to get the same yield that you used to get on AAA bonds is taking on additional risk.  

Still others are looking to buy depressed multifamilies to fix (both physically and financially) and flip for quick returns.  

Not sure of any depressed coal country markets, but that strategy would likely violate one of my rules for REI: never buy in a market with decreasing population.

And Boy have we been killing it in Charleston SC  the last four years.. that market is as strong as any in the country.. so like with all things I think it regional to a pretty big extent and regional within the state.Rural Oregon since the spotted owl and fishing died has been in recession depression status for 20 plus years now... but Portlandia is rockin and we crush it here..

It is a fairly depressed area and I think the management may be challenging.

Here in Kirkland area we have lots of great resources, but in a depressed area like Aberdeen the resources are quite limited.

We can do things that most banks and Realtors aren't able,or won't, do.Lastly, some people just become ashamed, depressed, stressed out and do the "Ostrich Syndrome" which is to say they ignore phone calls, knocks on the door, and mail contact, bury their head in the "sand" and hope it all goes away until it's too late to do anything.Hope this gives some insight.