We had a situation where we had "environmentally sensitive" piece of land it was only about 10'x 30', that was actually a little gulley, not draining to anything, just a depression in land.

Rents in the loop area are depressed right now and you can get great deals like 3 or even 4 months free.

Record Unemployment sine The Great Depression...

That occurs as in the “bank runs” of previous recessions and depressions.

However, I am glad I didn't live through a Great Depression eating wild onion soup like my grandfather.  

A lot of people will lose their jobs, (again) and not be able to pay rent & mortgages (again) and a lot of landlords will say "enough is enough" and walk away from a losing battle, leaving the properties vacant or to the bank if there is a mortgage, depressing values. 

I have also been going through depression, feeling very lost on what to do next in life so we ended up in western KY where we could be closer to family and afford a house. 

Because the market was depressed at the time, I experienced appreciation for my rental property and my primary home and, along with saving and paying off debt, my net worth increased to around 300k by 2015.  

The only way rates come down in the next year or two in a meaningful way, is if our Federal Reserve completely screwed up, the rate hikes cause a massive recession/depression, a bubble bursts, and mass job loss/deflation forces them to reverse course quickly. 

She mentioned I probably wont be able to collect anything from him and told me to move on with the loss. now I am just depressed that I am out of 13k by this SOB..