Sandie Crisman sees the headlines hailing the US housing rebound and wonders when she will get her share of it. The 60-year-old Florida resident is one of the tens of thousands of Americans burnt by the housing bust that wiped out $7tn in homeowner equity and is still suffering from its fallout.
“If I could do it all over again, I wouldn’t be a homeowner,” she says. “What’s the point if you can’t guarantee your house will be worth what you paid for it in five or 10 years time?”
Ms Crisman moved to the US from the Netherlands in 2002 after she married her American husband Alan. The couple bought a house close to her parents-in-law in a small former steel town north of Pittsburgh, Pennsylvania. For a few short years Sandie lived her version of the American dream.
But the financial crisis hit the family hard. Tough times compelled Mr Crisman, who is an aircraft engineer, to move to Alabama in 2010 and then Florida for work. His wife and stepdaughter soon followed.
- Dec 4, ’13 The dirty secrets of clean cars
- Nov 30, ’13 Fraud problem makes Facebook more attractive to online advertisers, say ad insiders
- Nov 30, ’13 Why The Climate Corporation Sold Itself to Monsanto
- Nov 30, ’13 Reverse-Engineering a Genius (Has a Vermeer Mystery Been Solved?)
- Nov 30, ’13 So Close, Yet So Far Out