Being in Florida, land I held fell like a stone and hasn't really recovered at all.

You can also do a HARP on underwater properties if they are Freddie/Fannie owned.Can you defer the maintenance on the new purchase for a few months until your cash reserves recover?

How can the RE financial market recover when they cannot even more forward with willing buyer, seller working with the bank that suggested the short sale route in the first place?

I can only say that we lost the steel industry many years ago and my community never has recovered from that, if we loose the auto industry, you might as well stick a fork in Ohio and many other states, because it really is our last manufacturing base.

Unfortunately there was a cat incident while I was away, and I believe the awesome berber carpet I had will not recover - sad because it was three years old and probably would have lasted another twelve.

I had remediation done in early May, I was recovering but now my symptoms are back.  

You're apt to spend more time and money chasing them for costs you will still never recover.

At every turnover I investigated whether I should consider trying to add a half or full bath and every time, I end up concluding that I cannot reasonably recover the investment. 

A longer time horizon gives your assets time to recover from a down-market.

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