These zones claim to be for "stimulating growth in depressed areas" and many of these areas do indeed fit that category, but areas of Bucktown, Avondale, North Center, Roscoe Village and Ravenswood all qualify so don't dismiss your property because you feel you are in an A or B area.

* Disclaimer: This post may belong in Real Estate Development *My family home is in a rural southern town that is depressed but sleepy - not too many crime or drug issues.My “vision board” plan is to renovate my family home and other homes in the area to raise property values, attract tenants, and develop commercial opportunities.

Amherst, MA:  75% of the town's economy depends on student matriculation; if matriculation is cut off for an entire semester, the town will be depressed economically and it will hit real estate hard. 

Remember in the Depression when all of these yokels lost their heads. 

Neither the Great Depression, nor the Great Recession, nor any of the more than three dozen economic slumps over the past two centuries, have ever caused such a sharp decline over such a shockingly short period of time.

I grew up in a huge family that was on government assistance not because my parents had made a succession of bad decision but, rather because my father was physically disabled fighting for our country and my mom suffered from deep emotion trauma and depression.

With a possible economic depression on the doorstep, I imagine there will be plenty of homeowners unable to make payments.

Everyone thinks a housing crash accompanies recessions, but....fun fact....of the last 5 recessions (including the Great Depression), only 1 of them had a housing crash associated with it, and that was the 2008 crash because the entire thing was due to the mortgage crisis.

Good thing, with the Pandemic, my wife is nervous about doing an eviction, finding new tenants.I acquired my conservative investment style from my dad, who grew up during the great depression, 1930's, where grandpa lost most of his fortune, the major one when the bank he did business with closed up, and back then, no FDIC or insurance.

It is depressing to continually see the few decent deals on Zillow and Redfin vanish.