Are there carpets, how is the kitchen/bath, another50$ a month there for a reasonable budget.4 months rent for taxes is also high. 550 a month seems pretty low for that kind of tax bill, that's even lower then my depression area.One potential would be to low ball the price, go all cash and self-insure damages with a liability policy.

I know that this land of ours will certinately be profitable because this area is set for a major boom after the end of this minor depression passes away.

So what needs to happen is mass depression - not of economy but of people's spirits?

The market was depressed in Oregon, but the realtor was embarresed to put my offer in...but did anyways.

What are the rules to follow when heading for a high inflationary period (possibly an inflationary depression)?

We had a major drop around the time of the great depression, then prices settled back at no appreciation.

They don’t want to buy a home that will be worth $50,000 less next year, regardless of all the evidence the contrary.As soon as people are confident that we are not heading into the next great depression (which by all accounts is an absurd expectation) they will begin buying homes again and bring the price back up to a good market level.I think the report makes perfect sense.

For those currently owning U.S. real estate in their individual names, today's depressed property values also provide a rare window for transferring their properties to a tax-efficient, foreign corporation structure at minimal cost.

Over time, economic stagnation leads to depressing RE values.Politico's who want "our town to never change," don't want to grow or develop "because of the crime rate we'd get" or other mantra, seem to think they can make time stand still.

By that I mean read a multitude of books both on the history of the Great Depression and then on what knowledgeable authors are extrapolating for the future.