Appalachia, VA

Appalachia is a region in the Southern United States that is home to some of the poorest and most rural communities in the country. The region has been hit particularly hard by the recession, with unemployment rates reaching levels not seen since the 1930s. This has led to a sharp decline in real estate prices, making it difficult for many people in Appalachia to afford homes.

Despite these challenges, there are still opportunities for those looking to invest in real estate in Appalachia. The area is rich in natural resources, including coal, oil and natural gas reserves. Additionally, there are a number of rural communities that are located near major transportation routes, which makes them attractive locations for businesses and homes.

There are also a number of affordable housing options available in Appalachia. Many of these properties were built during the boom years before the recession, and they are now being offered at reduced prices due to demand from buyers who can't find any other options. There is also a growing market for secondhand properties in Appalachia, as many families have been forced out of their homes due to economic conditions.