And as Michael suggested, do some research into why the market conditions are depressed right now - maybe you can get some insight into if things are likely to turn around soon?

Of course those folks who sold and went into cash in 2007 because they knew exactly what was coming and were all pre-investors in "The Big Short" did substantially better and the 20% they paid in tax is nothing compared to having cash in an 80% depressed market.But can you know???

That is amazing ...I’ve been involved in real estate maybe a year now and was feeling a lil depressed because it didn’t immediately take off for me ...but I do see progress and hearing a story like this is the inspiration I need.

A modern mobile home looks like Class A apartment finish-out, while a 1980s may be depressing.4) How much supply does the market have?

Some personality disordered people truly enjoy trying to aggravate and get under you skin when they get mad about something which may be completely unrelated to the stated problem.

I did not intend for everyone to think that I meant wait for another Great Depression or 2008 :) My mistake.

The reality is despite the internet, people are generally less wealthy, depressed and more out of shape than 25 years ago. 

I can definitely imagine rent control in a place like Rochester depressing prices.  

The Fatal Conceit: The Errors of SocialismThe Misbehavior of Markets: A Fractal View of Financial TurbulenceKeeping at It: The Quest for Sound Money and Good GovernmentThe Black Swan: The Impact of the Highly ImprobableAntifragile: Things That Gain from Disorder (my personal fav) The Courage to Act: A Memoir of a Crisis and Its Aftermath13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

Nothing depresses rent like mass exoduses.