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
The 13 most WTF gadgets From the weird to the gross, these 13 gadgets will make you wonder why the even exist. More
Best-loved cars in America These cars and trucks topped J.D. Power's APEAL survey, which measures how much owners like their new vehicles. More
America's most powerful cars A new 'horsepower war' has erupted among U.S. automakers and these are the most potent weapons in their arsenals. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.