Here in Crook County Illinois it's a bloodbath. Out of control property tax raises over the last 5 years or so and the collapsed economy have prices easily down 75% from the peak (2005-2005) here in my neighborhood.
It's not a pretty site here. This is what a Depression looks like for homeowners who bought anytime except the last few years.
Lot's of people wiped out.
BUT lot's of bargains for fresh money or new first-time homeowners.
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