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My Experience With Real Estate And The Mortgage Crisis

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My experience with real estate and the mortgage meltdown is very personal. The beginning of the crisis happened around 2007 when I was in the 8th grade. Eighth grade was the year that my middle school offered a trip to students to go to Washington D.C. and New York City. As a history buff and all around lover of traveling to new places, I was excited to be able to go on this trip. No one in my family had ever been that far across the United States and I was determined to be the first one. Not only was I offered the opportunity to travel, something that I did not often do, but also the chance to visit two places full of history and wonder.

My prospect of going on the trip of lifetime was halted by the real estate and mortgage crisis. This was because my father is a construction worker.

My father works for a construction company that builds frames. How I describe this to others is: he creates the skeleton for houses and without him, houses cannot become homes. When the housing market crisis happened, my father’s company lost customers and jobs. No one needed framers anymore. No one was buying houses because no one could afford them and some were being foreclosed on. The company lost business and had to layoff employees because the world was in economic turmoil. My Dad stopped receiving bonuses that would pay for our Christmas presents, our family trips, and would be home more often because there just wasn’t any work.

This was a depressing time for my entire family but we
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