FWIW, I have found an number of factors more likely to be associated with poor judgement and decision making skills than current income including: behavior consistent with a cluster B personality disorder (especially very high entitlement), severe mental illness, a very young age and severe adverse childhood events combined with a lack of family or social support, and drug/alcohol addiction.

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.

With the glut of properties available today, and with the depressed prices in this market, it should be quite easy to identify and acquire a suitable replacement property within 180 days after the relinquished property is sold..

You can trace the current mess clear back to the Great Depression.

Robert Shiller thinks we may be doing just that.US Housing Market Could Be Facing Another Bubble: ShillerThe housing market, which already has been battered by the worst collapse since the Great Depression, could be setting itself for another bubble, well-known economist Robert Shiller told CNBC.With home affordability at a 40-year high, there is "absolutley" a possibility that the housing market will face another bubble in the next five years, said Shiller, an economics professor at Yale, co-founder of MacroMarkets and co-developer of the monthly Case-Shiller home price index."

Banks still have lots of properties to unload and it will continue to depress prices until inventory is absorbed.