ok there are alot of towns and areas in the US that are doing real bad. You can literally buy a home there for under $1000. Granted they are run down or some look like they should be condemned. Some say no back bills do. (taxes, utilities)
I would think eventually these towns would have to come back in some way. So in 20 years that property would have to be worth more. The only bill you would have would be the taxes on the place.
Bad idea? Am i missing something