I see a lot of this where we invest, some rich investors bought a large warehouse, did granite, hardwood floors,  made them way too nice-- and priced around $900-$1200/ 1bd.. and they sit...the  area/market doesn't support it-- it's a depressed area, whereas our 2bd/1 bth homes around $700 go like hot cakes!    

In my experience the very few decent wholesale deals are sold internally, if you are in a depressed market the deal volume they get is higher but in hot markets very rare. 

Thanks, Zeona - Yes, we're not anxious to dip into our own reserves to cover the mortgage largely because of the risk in the macro-economy relative to inflation, depression, etc.

.)- I was so depressed last night thinking about the economy, wars, jobs, my savings, social security, retirement funds, etc., I called the Suicide Hotline.

I am considering selling my home due to the stress it causes me not knowing if I will get rent from my tenants and the state of the home is really depressing. 

You can find properties that have been on the market for a while; have depressed rents & defer maintenance.

We had virtually nothing to do and the area seemed rather depressed .

I'm guessing that the water crisis will depress prices and scare off investors and home owners alike.

:giggle: They were saying the same things about Silicon Valley in the '70s - - and while there were some MINOR fluctuation, the Sky Never Fell In - - and if you look currently and read how difficult members are finding the Bay Area today, it's still has not.To see RE markets 'collapse', we would need 10x 2008 problems, major foreclosures(HUGE RE inventroies), major job losses in multiple industries, and basically, a second incarnation of the  Great Depression.

These are the ones that do tend to hippity hop from one private landlord to another in the hope that we WON'T do credit checks (like bigger agencies tend to do) or that we'll be so desperate (or gullible) we'll buy any story they might spew on past poor credit history (they got divorced and the ex took everything, they broke up with their main squeeze, they got laid off, they got sick, their dog got sick, they got depressed, their former landlord didn't fix anything, blah, blah, blah).I don't care what sob story they try to dump on me.