But, whether you agree with it or not, understanding Keynesian economics will give you the framework for how modern economics tends to think -- even if they don't agree with it.Not to sidetrack too much, but I liken Keynesian economics to Newtonian physics.

My guess is that the economic vacancy in the area is much higher than you think it is and collection losses are high.

When I graduated in 1980 (also bad economic times), going back home wasn't very acceptable (stamp "loser" on your forehead).

I am located in Jacksonville and have come across ALOT of great deals that have slipped thru my hands due to lack of proper funding, we are home of the largest Military base with a TON of qualified buyers.

A couple factors that I look at are:- demographics (sex, age, race, marriage status, avg household size, etc)- sales comps- median sales of area- days on market of target price range that my props will sell at- labor force- transportation to city- school districts - access to highways- future economic development

One is that this may be treated as a sham transaction if there is no economic reason for doing this other than tax avoidance.Sounds to me like you are really selling an asset which means a purchase/sale agreement.

If our investors are upset by vacancies and poor performance then we lose repeat business and referrals which are our largest lead sources.

The last numbers I saw indicated we were the state with the second largest difference between the price of regular sales and the price of foreclosed homes.

One of my friends has moved down there but for the rest of us it is more just an investment opportunity.I have noticed that certain pockets in the U.S. have been strong, mostly due to economic factor, for instance in Texas where all the new drilling is taking place so that is good to see.

I guess this would be my largest hang up.