are the housing prices depressed there.

The market is sort of depressed, and some similarly sized places in that subdivision sold recently in 140-160 range.

That money is long gone and it's kind of depressing, but that's the last thing I stay up worrying about.

They moved around alot because of the Great Depression.

Definitely age does play a part in value.... oh and condos are certainly age driven when it comes to value.I think it has to do in part, with the type of property building materials that were used back in the depression era vs those materials used post depression era...

I buy in depressed areas, cheap, cheap houses and get more money in rent than the house is worth.

I later read that there is some type of disorder where a person is over-sensitive to noise and I think that is what this tenant had.

The only disability at issue from your end is the guy's RPD (rotten personality disorder)

What you want to avoid are depressed markets, and those that lack good economic fundamentals.

The market is diverse enough to do well on flips, and fantastic for rentals.There are neighborhoods that are severely depressed, so you need to be understand where you are buying.Flipping is primarily a local activity, so you really need to focus on your backyard for that.