Google killed value years ago in such geo EMD's with no development and the industry while popular is not a major money industry like say lawyer, doctor, dentist, used cars, etc. Such 'industries' spend a fortune now in ppc and since there's not a plethora of
So now all geo EMD's have no real value to speculators, it's still mostly .com and keywords and maybe a few major prefixes gyms or fitness companies in any one area, ppc is not a big deal as to cpc for the term.
Read some books on what makes a keyword valuable written by guys/girls that actually made money in domains and you will realize there's a reason it dropped.