[eru]

And I assume houses in these places aren't exactly holding up well as investments?

EDIT: Oh, I think you were talking about deprecation? Even in the downtrodden areas, land values going down isn't technically deprecation. It's just like a bar of gold sitting in your garage: its market price might fluctuate, but that has nothing to do with deprecation.

[gnarlynarwhal42]

Sorry to be nitpicky, but I think the term for the concept you're talking about is depreciate, not deprecate

[eru]

Thanks.