Its been historically depressed but growing now with economic development it hasn't seen in decades. 

However, you should know that the area and communities North of Memphis tend to be much more depressed than the areas and communities to the East of town.

What I really don't understand is that by doing this they are further depressing an already sinking local economy that thrives on tourism!

This is not the shutdown of 09, or the Great Depression.

But it has really helped us to shift the mindset from that depressing hindsight view of 'wow, where would we be if we had only started this 20 years ago?'    

2008 was a housing bubble induced recession, so yes the housing prices collapsed (biggest drop since the Great Depression of 1930s).

Binghamton has been historically economically depressed but has a growing university, so it tends to have low property values with high actual cashflow (and no appreciation).

Tulips, South China Sea Bubble, Railways, Great Depression and Global Economic Credit Crisis/Credit Default Swap)

I get to have them again now that I'm completely off of the anti-depressants and anti-anxiety medication I was taking just so I could keep going to that old job of mine.

Then $20 until she finally managed to break the habit and start to come up from the deep depression she sank into during one point in her life.I've met at least six people with a lifetime addiction to scratch-off tickets.