I agree it is depressing, then again I got in for $136k for a 2 flat plus non conforming attic apt in 2011 so I'm happy.

Parts of the area are still depressed.  

Take the case of an investor who goes into a depressed area.  

Overall from what I see it has depressed multi-family units on the small side (Duplexes and triplexes) and made it very attractive to invest in.

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

The seller managed to purchase at a time where prices were still depressed and purchased through a short sale allowing a steep discount.

SUMMARY:  Buy bargain priced homes in depressed or value buy areas (high swing markets); sell when the market has hit a higher price & sell / refi. 

Depressed interest rates have left investors across the globe searching outside their circles of competence for better yields.  

If they are on it for depression or anxiety you can be guaranteed they are conning the system.

I can handle all of his questions in regards to Brockton, Fall River, Worcester and Springfield although I would strongly recomend he stay away from Springfield as it is truly depressed.