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.

And then take those two facts and combine them with the fact that the current economy has created a higher percentage of motivated sellers than our industry has seen since the Great Depression, and what you get is that there is an incredible opportunity for wholesaling right now.There are still buyers in California.

My understanding is that his wife passed and he's been depressed basically drowning himself in his work at his job (he let alot of things go and I'm told other family members were supposed to take care of making payments - instead they stole his money).

It takes the people in the depressed areas to decide if they want to save their city or not.