Property prices are still depressed from the market crash that saw up to 40% decreases in value, but have been on a very slow, but steady, uptick for the past two years as well.

Not to get off topic in this thread, but I count about ten neighborhood classifications in my town that have clear distinctions, from the million dollar golf course homes to the 20K depressed areas. 4 categories isn't enough IMO to clearly identify the areas, much less the dwellings. :) 

I was laid up for 6 months in pretty bad depression , watching late night TV and I bought all the courses , you know - Carlton Sheets , Kyosaki , Robert Allen , Trump -etc ... those tapes had some pretty far fetched ideas , BUT , they did make me think creative and got me excited about real estate.

It’s also a declining / depressed market.Many homes in WB in hay 30k range that can be renovated for a minimal amount and sold/ rented easily.

I should probably note that my market is depressed (rust-belt PA) and there's alot of rental activity going on.

The US would default, and half the world would go into a deep depression before Manhattan got truly hit by it.

The problem is that every recession/depression looks like a soft landing till it isn't.

A depression is when you are out of work.

Care needs to be taken if you can see any manic issues, they may change attitudes from any high being excited over the deal to being very depressed months later.

This single nugget of wisdom has stayed with me and it was particularly useful during the current depression we are experiencing.