I do believe in 50 years it will return to a nice bluecollar neighborhood when energy prices rebound, but I would not invest there today.  

Hopefully a 10-year horizon should be adequate enough for your RE portfolio to rebound.

During these past ten years anyone who could fog a mirror and had some cash and/or some smarts could have or should have done well whether they invested in RE or the stock market as they've both rebounded very well during this last spurt.I'm no guru by any stretch but at 70+ years old and God willing still swinging, I have lived through at least 7 economic downturns from the '69 aerospace debacle to the '73 & '79 oil embargoes to the 79 Jimmy Carter 18 to 21% inflationary crisis to the '89 mortgage debacle to the 2000 high tech meltdown to the '08 mortgage meltdown.All that stated, what I'm seeing now is the absolute worse time in America's socio- economic history.

The ones that do great are buying deeply discounted properties and adding value or gambling on price appreciation in great RE markets that have benefited from the market rebound following the recession.  

Awesome job and glad you rebounded!!

The best part is petroleum will rebound in a few years and housing prices will jump in the areas that are becoming depressed.

CREA National Stats - Canadian home sales rebound in January

As we have all been hearing, the market is/ has seemed to rebound from the past crash and some feel that in certain areas of the country it is becoming over reaching.

I would describe this as a rebound in home prices, not bubble and not a reason to be fearful.”

Stafford, however, is on the rebound and deals are not plentiful.