No region doesn't matter look at the actual statistics on this. I looked at neighborhoods the had above 50% foreclosure rates and those houses STILL increased i

No region doesn't matter look at the actual statistics on this. I looked at neighborhoods the had above 50% foreclosure rates and those houses STILL increased in value in the long term. You can argue the real/nominal value, but housing cost are a cause of inflation in this regard not an effect, all prices are relative to the price of shelter for individuals.