For me richness is about a balance in life.For me I try to get the most out of life financially,emotionally,spiritually,physically etc.I want to be balanced as much as possible in all aspects of my life.In a previous business I owned a restaurant.Great money but I was always putting out employee fires and they didn't care about the business like I did.In my 20's my cholesterol was 300 and my weight was 285 at 5 foot 9 inches tall.So I made some changes.Now I weigh 185 and cholesterol at 201.Workout and feel great,travel,work as much or as little as I want,and I don't feel like a slave to the business.If I choose I can ramp up my business more at any time but I control it now versus the other way around with previous businesses.I can show you a lot of tired,depressed,lonely,sad people that have a bunch of money.I would rather make 200k a year and have the terms I want in life then 350k and feel out of control and out of balance.Some brokers/agents tell me I will do this 24/7 and close tons of deals.I then ask them how long they have been doing it??

I have also seen tenants who were granted special privileges do to either needing there dog for therapeutic physiological purposes in other words a person is depressed and needs there companion.

Hard to imagine I know.The people that I have known who lived through the first Great Depression all say we are nothing like they were back then, and they don't know how modern day people would do it.

We could easily fall into a depression (or worse) and it's anybody's guess what will happen in the rental business if that occurs.

Some people talk about 'the next depression', I won't get into a pissing contest about specifics but I will tell you one thing about the great depression is being repeated-people are learning painful lessons.

Looking to become active in two areas: mobile home investing in NorCal and single family homes/duplexes in depressed cities: Las Vegas and Stockton.

It was a little depressing, as we heard a lot of very bad stories, but at the end of the day, we learned that there were many people that would simply not help themselves, no matter how much we did for them.

Obama talks about the greatest financial crisis since the depression and this idiot reporter asks a question about baseball.

and have thought up a name and recipe for the dish being served the country (even world) over right now: Depression Delight.

Harrison,It would be so hard to differentiate those with serious life problems and those that just flat out lied to get the house they got.The only "fair" way is to not interfere with the market imo.Yes these foreclosures will continue to depress house prices but that will also align them with a proper income/price ratio that has been way out of wack due to the bubble.