Depression.

I'd probably look in the Near North neighborhood just under N Minneapolis and NW of the North Loop, N Minneapolis a little more N along the river, Prospect Park area might be ok but don't see many deals over there and driving through business seems a little depressed..., I really like Midtown Phillips just S of downtown btw Uptown and Seward, just N of this N of Lake St getting near Powderhorn park is nice but gets pricey.

I have personally seen people inherit a sizable amount of money and make poor decisions that later lead to a lot of regret and even depression.

Hi Joe,I own MontrealHouseBuyer.caA small percentage of people are actually better suited to sell to us than to sell on the MLS.Most of the homes we buy end up with a combination of seller distress (no money for repairs, divorce, depression, etc) and property distress (cluttered, dirty, foundation cracks, roof leaks, or just very dated).

The Great Depression might be a candidate.

But there is little insight on what significant levels of inflation, such as that caused by COVID, do to these trends during economic depression/recession in the united states. 

@Jonathan FelicianoYou're asking about a very big part of why broke, depressed people stay broke and depressed.

During the Great Depression, the unemployment rate was over 20% for four consecutive years (1932 – 1935).

I think this goes much further than COVID-19 and the massive reduction in employed workforce (although that certainly doesn't help)IMHO this has all the markers of another great depression.

You might find commercial properties are better for your goals or it might be that residential properties fit better.I personally love leverage right now because debt service is so low.When prices are depressed is when you want to stock up on properties and deals.Some people do not like putting on forums what they have of cash to invest.If that's the case you can simply colleague someone and start a conversation that way privately.I do recommend you get with someone local or otherwise to further define your plan before you deploy your cash so that you get the maximum results.