Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

39 of 65
BACKNEXT
Stephanie Joy: Walking a financial tightrope
Stephanie Joy: Walking a financial tightrope
Stephanie with her husband, Jason
Student services coordinator, 35, Palm Bay, Fla.

Living in Brevard County, Fla., we can't help but notice the effects of the housing crisis. Both my husband and I are employed full time, but with Jason working for a Melbourne-based homebuilder, we sometimes feel as if we are walking a financial tightrope, wondering if and when the housing market will rebound.

Brevard County was hit hard by the bursting of the housing bubble. Prices went too high, too fast and people got greedy, thinking they could make a huge profit and never thinking about the ramifications.

My husband and I bought our modest house in 2003, have a fixed-rate 15-year mortgage and we count our blessings. We made smart financial decisions and although we are feeling the pinch due to rising gas, food and energy costs, we know that this too will pass. We just have to tighten our belts and stick to our financial plan. I feel sorry for those who are less fortunate who are seeing their dreams and aspirations slip through their hands.

NEXT: Don Horton: 401(k) raided
Last updated November 15 2009: 6:21 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Google's logos through the years Google changed its logo for the fifth time in 17 years this week. Here's what the old ones looked like. More
How much you should have saved for retirement right now Joe is 50 years old and makes $70,000 a year. He should already have $364,000 saved for retirement. Are you on track? More
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More

Special Offer