Death Valley? Watts? Hogjaw Kansas? Hacksaw Arkansas?
Some folks are just completely detached from reality.
ten years ago in the sierras of California you could not touch anything for less than 250,000 bucks. This year, you could buy a lot in town with a one bedroom for 89,000. Yes, it was a prefab house but hey!
Only catch is the county (Touolumne) now is running 40% unemployment after the state shut down the mining and logging a few years back.
Give Obama time, houses will all be down to 50,000 range.