I think your country might be following the North/South divide that we have in here in England.
You can buy a whole street of houses for the equivalent of $500k in some parts of the North, where industry has steadily declined over the years, yet most houses here in the South, especially close to London are worth $1m.
As Cynthetiq said above, "buy land, they're not making it anymore"
I'm lucky enough to have grown up in London and shared in the boom.
NGdawg is right, too - and the same thing happened over here, we didn't prepare for cheaper European markets where people work for less money, and manufacturing is cheaper. We used to be the strongest steel producing nation in Europe until 20 years ago when the decline began.
Hell, we used to be the strongest Empire in the world and gave civilisation to many under-developed nations in the 16-1800's. Not much left of it these days.
We did what the Romans did in latter days, and are left with not much but a good history book. Luckily we are now one of, if not "the" financial capitals of the world. Our economy is stronger than the US, our currency is worth almost double the dollar. It's all about being able and willing to open the doors to global trade and welcoming change
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