Pretty depressed area.  

After all, where's the line between revitalization (i.e. reviving a depressed area) and gentrification (as you put it, kicking out the poor and as I'll put, bringing in some rich hipsters). 

Got a decent job saved a little bit of money and bought in the reno market when things were still fairly depressed.

Many rural areas that are already depressed are going to get hit hard, and they are going to expect Washington to do something for them.

All was going well as I was promised no or minimal principal loss until recently I was issued a "Non Performing Loan Reconciliation" where I lost over 60% of my principal with no interests earned for 5 years.I'm typically not an emotional person, but I was extremely depressed and infuriated when I saw this.

Though I admit, I find it a bit depressing. 

Nearly every situation was when the RE market was overly depressed. 

I havent been up on Manty values lately but they had been depressed for a long time.   

(expenses ~ $367/mo and rent of ~$950) My concern is that I may never be able to finance it, and if prices start going down due to rising interest rates, the cash value of this might also get similarly depressed.

That’s a big difference from that to selling a house that a desperate, destitute, depressed down on their luck homeowner wants to get rid of like a bad marriage.