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One in six (17.6 percent) of all homeowners is now underwater. In some of the hardest hit areas, more than 80% of homeowners owe more than their home is worth. In 2008 American homeowners collectively saw $3.3 trillion erased from the value of their real estate while at the same time property taxes and insurance remained the same or even worse - went up.
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 Magoffin
County, KY: One of the whitest in the countrySALYERSVILLE, Ky. - This is the kind of relaxed community where it's not unusual to see three 11-year-old boys out on their own on a Saturday afternoon, heading to the Kozy Korner restaurant to satisfy the kind of hunger that builds up during football practice in the August heat. What was unusual... Story continues below |
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Zoom-In on Magoffin County from Space |
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