Out of control is the truth in all these places. Everything is overvalued compared to the median incomes for all these areas pretty much all over the United States.
And then it really comes down to what someone is trying to do ultimately and when I look at a lot of these places it can be a prison sentence in some respects depending on how much someone has to allocate to these various properties.
When I look at some of the stuff I feel like there is value in stuff in Northern Michigan that had power ran to it but maybe they didn't build any structures or maybe just a barn. Then I think someone could pull in an RV and work on building something.
After that I can conjure up some sort of value out of the stuff in the Ozarks or down in Tulsa, Oklahoma or Little Rock, Arkansas.
Or some of these One horse towns that would be about 30 minutes outside of the Northern Suburbs of some place like Indianapolis.
Seems like places like Florida and Austin Texas are taking a heavy hit. Some of the stuff is down about 24% from the peak.
Everything would have to fall a lot to seem like a value in my opinion. That's just me and it is all relative and what someone is trying to do.
I think you would want to be someplace that gets a decent amount of sun. That way you can have solar if you want. We have thought about buying property to put our travel trailer on, but we like going to new places each year.