Detroit, Cleveland, etc. Basically huge swaths of the rust belt. Plus a smattering of small towns in the south.

Yeah my down payment 10 years ago was $200,000. The house has appreciated 0%. I sold meta shares to buy it. Those would be worth a million now.

… I wish I hadn’t just calculated that.

Well, this is all assuming a 20% down payment, which anecdotally as a 26 yr. old, nobody I know is able to achieve. All my home-owning friends put 3-7% down. Granted, most are using first-time homebuyer loans which are generally more favorable.

In RTP (NC), a ~$400k house at 5% down is $20k

There are 70 houses for sale in Pittsburgh for $25K or less

Coshocton, Ohio, plenty of houses for <100k