Underwater Audiobook Summary
A cautionary tale of Wall Street’s push to turn homes into assets, Underwater is a powerful, incisive story that chronicles the crash and its aftermath from a fresh perspective–the forgotten, middle-class homeowner.
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. Listeners will witness the housing market collapse from Dezember’s perch as a newspaper reporter. First he’s in the boom-to-bust South where a hot-air balloonist named Bob Shallow becomes one of the world’s top selling real-estate agents arranging condo flips, developers flop in spectacular fashion and the law catches up with a beach-town mayor on the take. Later he’s in New York, among financiers like Blackstone’s Stephen Schwarzman who are building rental empires out of foreclosures, staking claim to the bastion of middle-class wealth: the single-family home. Through it all, Dezember is an underwater homeowner caught up in the mess.
A Macmillan Audio production from Thomas Dunne Books
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Underwater Audiobook Narrator
Sean Patrick Hopkins is the narrator of Underwater audiobook that was written by Ryan Dezember
Ryan Dezember is a reporter for The Wall Street Journal, writing about financial markets and investors. He previously wrote about the oil industry from the Journal’s Houston bureau. Before that he worked as a reporter for the Mobile Register, reporting on the real-estate boom and bust for coastal Alabama’s daily newspaper. He lives in Brooklyn, New York.
About the Author(s) of Underwater
Ryan Dezember is the author of Underwater
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Underwater Full Details
Narrator | Sean Patrick Hopkins |
Length | 8 hours 42 minutes |
Author | Ryan Dezember |
Category | |
Publisher | Macmillan Audio |
Release date | July 14, 2020 |
ISBN | 9781250752970 |
Subjects
The publisher of the Underwater is Macmillan Audio. includes the following subjects: The BISAC Subject Code is Business & Economics, Economic History
Additional info
The publisher of the Underwater is Macmillan Audio. The imprint is Macmillan Audio. It is supplied by Macmillan Audio. The ISBN-13 is 9781250752970.
Global Availability
This book is only available in the United States.
Frequently asked questions
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