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.

Beyond that, the policies put into place during and after the great depression started us on the path to socialism.

You think that doesn't depress values?

In a depressed job market (Detroit, for instance) there will be lots of foreclosures but since there are no jobs available, people will leave the area and the rental demand will drop.

http://www.politico.com/blogs/anneschroeder/0609/No_namecalling.html

Is this woman serious? She sounds like an overly sensitive teenager.

I think there will be more SF rentals as well as apartment rentals coming onto the market, also depressing rents.

:lol: Yeah, keep the competition at home and depressed, thank you.

Of course no one wanted the results of these mega businesses going under.As far as the direction and those smarter than you and I and all that, I have to say that if you look backwards a bit, raising taxes in the depression was a direct cause of the downturn.