GLUGH, GLUGH

"We have never had negative equity like this at the national level in as many different regions as we have now,"...borrowers who are underwater in 142 distinct markets

1. Las Vegas

whatever you bought it's worth about half. More than 81 percent of single-family home mortgages in Las Vegas had negative equity...it may take 20 years
to climb back

2. Merced, Calif.
3. Phoenix
4. Orlando
5. Greeley, Colo.
6. Bend, Ore.
7. Minneapolis-St. Paul
8. Memphis
9. Cleveland
10. Grand Rapids, Mich.