At least then I cannot have the drama.I like different investment avenues.The low income areas tend to stay depressed so you are buying cash flow only.

@Will BarnardI wouldn't expect you to know the area or market and it is most depressed in comparison to your side of the continent.  

While we can still live comfortably, the thought of student loans taking the majority of our income each month for many years is depressing.

One time is the peak of 1929 right before the great depression crash where the PE ratio was at 33x and 15 years ago where the PE ratio was sitting at 44x.The last longest bull market in last 100 years in the S&P 500 was between Feb 1995 - 2000 which lasted close to 70 months. 

Especially during the depression.

Having money is great but only because it makes you not have worry about making it.I also no many poor people happier than the idle rich people I know.But if you think having money makes you depressed then you really should seek psychiatric help.

Glisch of The Sentinel StaffHOUSTON — Not far from the granite skyscrapers simmering in the haze of downtown Houston, the dreams of thousands of Texans have ended in bulldozed fields overgrown with weeds and wild summer grass.The site was supposed to have been a massive subdivision, one of hundreds that sprang up overnight when the oil industry boomed during the 1970s and early 1980s, sending this sprawling, get-rich-quick city on a seemingly endless joy ride.But the ride has long since ended, the victim of a depressed oil market that has ravaged Houston's oil-addicted economy and left vacant lots and ''For Sale'' signs as visible scars of how quickly the good times turned bad in the nation's fourth-largest city.''

That likely will depress property values rather than increase them due to the overall types of people they attract and business associated with that.  

The reality was that we were stuck in our offices (1) cancelling dinner dates, (2) rescheduling anniversary dinners, (3) sleeping in our offices, or (4) getting fatter, balder, and more depressed because you are working around-the-clock to check a 100 page document for misplaced modifiers or subject-verb disagreements. 

I would agree with that Joe, however, I would also add that this news should not totally turn investors away from appreciation plays.For instance, Las vegas is a huge depressed market where you can pick up a 3+2 1500 sq. ft. home for around $50k.