Double dip? It may be even worse

[Rich Weese]

I just read the new issue of Money mag. Really some bad projections. MoodysEconomy.com (page 66) has a chart of states with underwater properties and what % of all homes in state are underwater. It also charts when the home will return to previous high value. I had never looked at it in this fashion.
Nevada has the highest % upside down, SEVENTY PER CENT!!! It is projected they'll reach their previous high in the year 2033! I'll be 84! NV wasn't the worse in year of rebound. That goes to AZ, with 2034 as the year, but ONLY has 51% of homes underwater. CA,FL, and MI round out worst 5.
On the positive side, OK has only 6% underwater and rebound has already been reached. NY, MT, ND, and ALa round out top 5. I guess some areas are not going to boom quite so fast this time around. Rich