The mls is a great source for a few years of a super depressed market.

On the other hand, RE is also on sale, possible more so than ever (or since the great depression), and anyone purchasing RE now will alos come out ahead.The real answer to the original question is, what is comfortable for the individual investor?

Could we see the calling of loans as they had during the depression?

It is difficult to flip at present as the market is depressed (at least for another 2 years!)

When I paint over the area, I can still see the depression where the original paint is missing.

The country is on the verge of a depression and truly outstanding deals abound (with even better deals on the way).

I think, with the scrutiny of the world upon them, they (banks and government oversight) will wake up and smell the coffee and perform as admirably as the Home Owners' Loan Corporation (Depression era) and the Resolution Trust Corporation (savings and loan crisis).

A lot of people facing foreclosure that I have spoken to recently are are not able to refinance their homes due to the ever-tightening lender requirements in this depressed real estate market.

I don't think we are going into a depression.

Black Monday marked the start of the Great Depression when the market tanked.