An economics reporter from the New York Times describes his own personal foreclosure and financial death spiral:
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html
HoldAndBuy,
Very interesting. I would like to read his book. Thanks for sharing.
Furnishedowner
YW. I don’t know if he has a book, though. I think it’s just the article I posted.
The very bottom of each page talked about how the article was drafted from content in his new book. I thought the article was very interesting…especially from the perspective of a financial writer.
I should read the articles I post more carefully :rolleyes
Whatever he gets from that book probably still won’t get him out of his mess.
An interesting fact, that’s left out of the article, and I presume the book too. I was looking at another site, and someone did some research on him and his wife. The wife and her ex-husband had serial bankruptcies in California before she moved to the east coast to marry the author. You can see in the article he kind of points the finger at her indirectly for the whole mess they’re in, although maybe he’s just trying to make himself look better by doing that.
This is a classic case of how to turn lemons into lemonade. Go bust, and then write about it!
Spending habits of a spouse can derail the best of plans. I admire the guy for trying to write his way out of the mess.
Furnishedowner