I have 5 properties (4rent and res) in this area already 2. the houses are very cheap (10-40k), I dont need huge down payments. 3. the area is neglected and depressed, but by no means a war zone.

I have also known lots of condo projects to not have had a special assessment in over 20 yrs.Condos prices are also more depressed in price right now than SFR's or units b/c of the financing issues associated with them.

The market is depressed and any buyers out there are expecting to get a great deal.http://www.marketwatch.com/story/low-prices-lure-vacation-home-buyers-2011-09-06Good luck!

Remember, back in the great depression... rates rose even when we had deflation, however my finance text book taught me that interest rates can only go down when we have a deflationary spiral.Real estate and cash are the only two asset classes that i believe in today.

In a depression the GDP falls, it is the slowing of the consumption function or products and services being consumed less than an economy in balance.

I plan to get an AS degree in Carpentry Technology to start off and depending on my situation around this depressed economic I will move on from there.

Around here- every property manager answers the phone with a grumpy and depressed "Hello."

Granted Glendale is not as depressed an economy as Vegas.A 14% vacancy rate is very high.Check to see what average rent is for units like yours.

The funny thing is that when I'm in the middle of trying to get a deal done...it becomes the most important thing in my life and I never stop thinking about how I can come out ahead..when I lose out on deals that i really wanted to make work,I go into basically a full depression mode for a few days.

The stress about money has caused many nice folks to get bitter or depressed and caused many breakups of families.