Equity in U.S. homes plunges to WWII levels

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Nearly 8.5 million homeowners now have negative or no equity in their homes — a level not seen since the 1940s. Experts say equity levels will tumble further as home prices erode.

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Randll Reese Besch - 6/8/2008

We have been in a recession since 2001 with growing pockets of depression since. Everything has been done to hide and minimize the effects of job loss and sending jobs overseas.They just are becoming more prominate now.