There's an interesting
Yahoo article about the current housing market - places NPT to invest in. In places where unemployment isn't that "bad", foreclosures are going up as flippers just walk away from a deal gone wrong.
One that curled my hair was Merced, CA with an unemployment rate of 18.9%(!!!)
Not one of legislators in Sacramento will pay any attention to Merced, IMHO. Forge ahead, increase those taxes!