Cap rate could be artificially depressed in underperforming properties.

I came across the the following interesting articles (note - the author paints a bleak picture of economic environment).Interesting article about how banks are doing sub-primes loans again:http://www.zerohedge.com/news/2014-04-22/mortgage-standards-are-plunging-%E2%80%93-it%E2%80%99s-muppet-fleecing-time-all-over-againAn article showing the decline in existing home sales (except for the rich):http://www.zerohedge.com/news/2014-04-22/spot-massive-depression-and-tiny-recovery-existing-home-sales-chartWhat are peoples thoughts?

If you are savvy with construction, then you should look into "really depressed" properties in Harris county.I wish we have that type of properties here in OC, Ca  :)Good luck 

In the city’s depressed economic state, I see opportunity. 

With “as is” real estate, while it often is something that might need developing, land is land, and a depressed price just increases the profit once you’ve gotten it turned around with proper management.

But 6 weeks later I got laid off....I was only 22 and I got laid off....I went into a mild depression.

It is also necessary to consider the effect that the recession/depression will have on the demand for "green".

And I am talking about a lot of money out of my pocket, and I did it to help him because he was having problem and he was depressed and I didn't want to be part of it.

Those older house depressed areas are generally the last to rise in the cycle and the first to fall in value.

In fact, there are 1-2 million foreclosed homes for sale right now, and the Wall Street Journal reports that another 7.5 million U.S. homeowners are either behind on their payments, or in the foreclosure process.Thanks to tighter lending standards, and a depressed buying market, you need plenty of cash, and nerves of steel, to get into house flipping.