They look at the Covid situation and decide, well maybe we'll sell next year.So, in the middle of what's been compared unfavorably to the Great Depression of the 1930's, we are seeing bidding wars on houses.The situation today is completely unique in the History of Mankind.

It may exceed the great depression. 

Because of the situation (her friend who we talked to when we were there said she was depressed as her husband left her and she has a small kid), we left a note and will be phoning the police tomorrow for a welfare check and then will have a locksmith meet us on Thursday to rekey the lock (giving her notice and telling her when, so we aren't locking her out, but we can't get in). 

In a market where rents are depressed, the RC will often be significantly higher than the ACV.

Same can be said for trades like welders, electricians, etc.Anyways, I think there'll be some depression in student housing enough to make it a reasonable buy, however, you'll be looking at some over-saturation for a while also. 

Economics professor Richard Wolff warns housing crash would be worse than Great Depression"Economist Richard Wolff told Hill.TV’s “Rising” Wednesday that the coronavirus pandemic could lead to a housing crash worse than the Great Depression.

We have more zombie companies than we ever have before and the risk free rate (US 10-Year) has only depressed lower and lower since the time of the financial crisis. 

Depressing!

The folks who lived through he great depression of the 1930s were very obvious to me in business. 

And this is due to the circumstances of this part of Idaho, going sine the Great Depression of the 1930's, of most employment here is based in agriculture, which tends to be a sector of the economy which usually operating in break-even conditions, financially.