Nevada’s housing crisis leaves Obama vulnerable

The retired couple is hardly unusual in Nevada. A catastrophic drop in prices has left nearly 70 percent of mortgage holders in this state owing more than their homes are worth, a loss they are unlikely to recover for decades.

For many of these hard-pressed homeowners, the nation’s slow-motion economic recovery has been mostly invisible, and when Election Day rolls around they are likely to vote their desperation.

The dire situation seems ripe for promises of change from the two presidential candidates working feverishly to win this critical swing state. Instead, the policies they espouse offer little to struggling Nevadans.