When banks don't want to lend you have a recession...when you add people who don't want to borrow you have a depression.

I think we could be in for the biggest recession since the great depression.

The last year of college really depressed me because i feel I chose the wrong field of study.

For me, I think, just like in times past, Great Depression and the like, now is a time for new opportunities for those willing to work for them.

My problem with these areas is theyre greatly depressed areas, and will be hard to rent and sell in the future.

Personally, everything I have boils down to a structured controlled economic re-positioning, similar to the great land grab of the great depression.

Check out this report on residential mortgage backed securities (RMBS) that came out on Oct 5.

A few things that it says is that delinquencies continue to increase at all time highs. Liquidation timelies continue to...

Desert Hot Springs is an extremely depressed area.

. :( Depressing. lol.

My thought, or hope, is that if the area is composed of good construction and a good location (by location I mean proximity to down town or some other place people need to be at-not locations as in "this is a nice neighborhood")then property prices will at least keep pace with inflation and probably do better if the area is currently depressed (undervalued).I am not going to wait for the profits from my first house to buy my next house.