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.

If that was the case, that market would have no inventory as all the local investors would buy all that inventory right up not to mention, prices would not be depressed.

Maybe not safe and not great schoolsD Very depressed and dangerous (crime).

I had to remind him that her mother went through the Great Depression and that obviously had an effect on how conservative she is.

I'm trying to build the portfolio while prices are somewhat depressed.

They claim the area is very depressed with low employment and they feel is NOT a wise investment.

It might motivate them to pay.While it's nice getting the guaranteed rent from the government every month, it's depressing to have to deal with these deadbeats that have everything handed to them and still refuse to pay you the money that's due.

(Canadians are into a slightly similar but very profitable strategy here in the depressed section 8 Buffalo area).