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Someplace Like AmericaTales from the New Great Depression$
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Dale Maharidge

Print publication date: 2011

Print ISBN-13: 9780520262478

Published to California Scholarship Online: May 2012

DOI: 10.1525/california/9780520262478.001.0001

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Anger in Suburban New Jersey

Anger in Suburban New Jersey

Chapter:
(p.177) 23 Anger in Suburban New Jersey
Source:
Someplace Like America
Author(s):

Dale Maharidge

Publisher:
University of California Press
DOI:10.1525/california/9780520262478.003.0025

Lisa Martucci, her husband, and their ten-year-old daughter live in a New Jersey town that is a forty-five-minute train ride from Manhattan. Unlike many blue-collar people who have spent their working lives dodging layoffs, this white-collar couple seemed bullet-proof against hard times. Lisa, who works for Catholic Charities, has a master's degree; and her husband was director of global affairs for a large corporation. On June 13, 2008, their world changed. Lisa's husband was laid off. The last time Dale Maharidge was in touch with Lisa, in late 2010, 4.3 million homes nationwide were in foreclosure or had payments more than ninety days past due. Many of these troubled mortgages were prime loans, not the subprime mortgages that had dominated the start of the housing crisis. Lisa is representative of millions of suburban Americans who have not ended up homeless but are living lives of economic struggle nonetheless.

Keywords:   Lisa Martucci, New Jersey, Dale Maharidge, foreclosure, mortgages, prime loans, housing crisis, Americans

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