About one in six Illinois homeowners are seriously underwater, according to a report from the Illinois Policy Institute, which is 70 percent higher than the national average. And locally, homeowners in several communities suffer greater than the state average in being seriously under water - owing more than their home is worth. For instance, in East St. Louis, 41 percent of homeowners are under water; in Alton, 20 percent and in Belleville, 18 percent.
We have to burn the village to save the village
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