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Underwater: How Our American Dream of Homeownership Became a Nightmare

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A reporter recounts his experiences buying a home just before the 2008 housing crisis in this gripping study of Wall Street, DC, and the American Dream.

Winner of the Bruss Real Estate Book Award

"Frightening, enlightening, and infuriating. . . . [Dezember] a master explainer, covers many of the intricacies of financing, subprime mortgages, interest rates, the bundling of mortgages into securities. These tales of tear-downs, speculation, brick and mortar and human greed make the reader angry ...