Underwater - How Our American Dream Of Homeownership Became A Nightmare
Dom Sep 27, 2020 8:44 pm
Underwater - How Our American Dream Of Homeownership Became A Nightmare
epub | 2.04 MB | English | Isbn:B0818MQ1CT | Author: Ryan Dezember | PAge: 276 | Year: 2020
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His assignment was to write about a real-estate frenzy lighting up the Redneck Riviera. So Ryan Dezember settled in and bought a home nearby himself. Then the market crashed, and he became one of the millions of Americans who suddenly owed more on their homes than they were worth. A flood of foreclosures made it impossible to sell. It didn't help that his quaint neighborhood fell into disrepair and drug-induced despair. He had no choice but to become a reluctant and wildly unprofitable landlord to move on. Meanwhile, his reporting showed how the speculative mania that caused the crash opened the U.S. housing market to a much larger breed of investors.
In this deeply personal story, Dezember shows how decisions on Wall Street and in Washington played out on his street in a corner of the Sunbelt that was convulsed by the foreclosure crisis. Readers will witness the housing market collapse from Dezember's perch as a newspaper reporter. First he's in the boom-to-bust South...
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