Memphis, like many mid west cities, has thousands of vacant lots , burned out houses not cleaned up, and just plain depressing areas.

Johnny "I KEEP FINDING DEALS," George "MY CAP RATE IS 20% ON EVERY DEAL," and Frank the Depressed Real Estate Guy " Don't do it, I lost my shirt, stay away."

It's REALLY tough to time the stock market I have found dollra cost averaging to be great way to invest over the long term.IMO right now is quite a unique down cycle in the real estate market in that prices, as well as interest rates are very depressed and there are some amazing opportunities out there.

Ashland is a pretty depressed area with an unbelievable amount of available listed housing.

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. 

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

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. 

My kids NOR my husband have lost wages, (son lost about $300 a month side gig but stimulus check will even that out, and now he's delivering food as a side gig)  and we are committed to sharing the pain somewhat and not playing "We're more prepared so you can just suffer" song that is depressingly popular on this site.  

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