Maybe I could run the deal in that forum and see what happens for financing.UweAs I said there is a huge shortage of section 8 units. this is a pretty depressed area though not a war zone.

It states we're in a very slow, depressed market.  

My guess is they are doing it because flooding the market with inventory right now would depress prices.  

Like children of the Depression, the traumatic events of their youth will influence their attitudes and behavior for a long time.

I currently own two single family houses in depressed areas.

It was kind of a depressing experience to walk through them.The currently owner is in his mid-80's, but told me he is "not distressed" - and he's happy to hold on to these "money makers" as he has for the past 30 years.

Manitowoc has always been a semi depressed market.  

When you really crank out that math, it gets even more depressing than how you're seeing it now. 

In a down cycle, where prices are depressed and the psychology of the market is pessimistic, then values are down and below "replacement cost".

Because its too depressing.