I understand that these places may be a little depressed these days, but I will thoroughly research the area and of course my property management team.

One of the things that I did notice is the area was depressed and there was not much in terms of jobs to keep young people around or even maintain a reasonable life style.

So you can see some decent swings.Springfield (near me) now has the highest property taxes in the state...and it's considered in many cases a depressed city; values have dropped 15-20% overall and should still come down a bit more next year.Some towns have taken an override vote and passed it to raise more money for whatever their current "project" is at hand.

For me it was eye-opening, scary and depressing.

But it also heals.That’s the lesson of the Great Depression of the 1930s, the S&L disaster of the 1980s, the giant insurance failures of the 1990s, and the tech wreck of the early 2000s.As long as Wall Street and Washington hid the real facts and lied about their true consequences, the crisis lingered and deepened.

I was depressed!

Article from Rolling Stone(Makes for an easier read if expanded to full screen view)http://www.philstockworld.com/2009/06/24/goldman-sachs-engineering-every-major-market-manipulation-since-the-great-depression/#high_1I thought this was an interesting article.

Often the only problem is that the owner is depressed and doesn't want to deal with the property and/or tenants.

Thinking back to rents when I got out of college, which is depressingly close to 30 years ago, I just do not see that kind of change.

Did you know that before the Great Depression and the stock market crash of 1929, there was a much small market downturn in 1927.