And central and most of Rural oregon has been in a depression since the spotted Owl.. the main thing that drives Bend is CA and other state folks moving in and Willamette valley retire's and just mainly Oregoinans not knowing anything else exists and they want to stay in state.

I believe it was an 80-year economic depression cycle 1929-2009.

There is no gold standard to pull us back from unlimited printing, Bernanke promised to not allow a deflationary depression, so he will and must print.

The downside to the crappier areas also is the cash flow might be high going in but these depressed areas tend to have tenants on very limited incomes and turnover is high due to job instability and personal life issues and rent increases are tougher to get annually.

By the way, I'm not anti multi family, I have 3 duplexes but I got them at a depressed value (all between 33k and 53k) and the cash flow is good.

In many places, like Kentucky, the old main street areas are depressed.  

Without getting into my sob story, she has no tolerance for depressed people, and I became deeply depressed over our finances and what it was doing to us.

Shortly after moving in, I received a letter from someone in the family who detailed how it was converted to a duplex during the Great depression.  

When I didn't get there, I felt internally inferior, sad, angry, and somewhat depressed....When I worked extremely hard daily to save and expand, it didn't feel quick enough.

I wasn't around during the Great Depression or WWII (and I assume neither were you), but I seem to recall from my MBA economics classes that quite a bit of Keynesian policy was used to pull us out of the first and generate an abundant global economy during the second.