Lost income will further depress prices, so will delayed foreclosures.  8.

This is most likely because the area was so depressed for such a long time that there was no economic incentive to renovate. 

He is depressed about the whole situation and just wants to get rid of it.He will show it to me at the beginning of the week and I will probably buy it on the spot!

On the other hand it can get people stuck; my grandpa never invested a dime in the stock market his entire life because of what he saw his family go through during the great depression when he was a child. 

We fixed it up and rented out.We also buy a lot of depressed houses, short sales and foreclosures.

Don't know the last time I've seen someone close a commercial deal with the buyer not paying their own agent except in the depressed markets like hagerstown.

I live in an economically depressed very rural area and I want to explore the possibilities of long distance real estate investing as a way to overcome those limitations.  

However, I wonder if we should wait a little more for the other shoe to drop--interest going back up to normal and depressing home prices even further.I hope this has not been too winded and TMI.

Turned out they were in a crime ridden and economically depressed area (north side of Milwaukee).

Read Think and Grow rich again and focus on what he states about the depression and all the signs are there that this will happen again.