Has the subprime mortgage crisis affected the price of every single property in the US or has it affected only poorer areas where a lot of these sub prime mortgagees were.
Like has prices in say, central Manhattan fallen in price too?
Not at all.
And it has nothing to do with "poorer areas" – you are a but misguided there.
Texas is not a "poorer area" and they have stayed relatively uneffected by the housing price drop. The New England area has had some bumps, but not the drastic value drops.
Florida, Nevada, Arizona and Oregon have been the hardest hit buy value loss.