That sounds all too familiar living in a WY boomtown.
The last boom ended just a few years ago, people are still reeling from it, houses selling well below what people paid for them just a few years ago.

We just bought a house, thanks to the depressed economy we paid some $50K less than asking price, because the banks/inspectors valued the house quite a bit less than the owners wanted.

It also sounds familiar from growing up in the midwest during the 80’s economic hardship in farm country.
I learned a lot that I won’t admit to, despite the statute of limitations having long run out.