If you are savvy with construction, then you should look into "really depressed" properties in Harris county.I wish we have that type of properties here in OC, Ca  :)Good luck 

In the city’s depressed economic state, I see opportunity. 

With that said, there are many areas that will feel a DEEP depression like Detroit in 2010.

:The data is not the problem, the problem is potentially being rejected by underwriting because the predictive FICO model deems you as high risk.I would imagine expanding the data over a longer time period (say 20-30 years) would show those same people have a much better chance of paying you back. just because they made a calculated risk in the worst housing market since the great depression doesnt really tell the whole tale in my opinion.I do however see your point and that would not be good forcing out legit buyers.

It is slowly improving, but the entire Chicagoland market is pretty depressed.

There are depressed areas and there are warzones.

That is why the value of this building is depressed.

With “as is” real estate, while it often is something that might need developing, land is land, and a depressed price just increases the profit once you’ve gotten it turned around with proper management.

Beautiful home destroyed, they never got a job, got obese and depressed in 7 months, clogged septic and backed up the sewage into homev, a bunch of animals unexpected, they threatened to sue me and squat a few months into the summer.

You can certainly tell when you pass the Austin Peay exit on 240 that the area has dramatically changed and is pretty depressing when you get off on the Whitney exit into Frayser.