Friday, October 10, 2008

With jobless rate up, Atlanta's hard times could last awhile

Posted By on Fri, Oct 10, 2008 at 2:10 PM

" width=

Brooke and Solomon are too young to remember a recession as bad as this one's likely to get. But, over the last year, the Cobb County couple has gotten an up-close preview.

"We always talk about how we never thought we'd be in this predicament," says Brooke, who lives with her husband and two babies in a $945-a-month apartment in Marietta.

Last year, the couple moved from Texas. For a time, they rented out the house they owned back in Beaumont. But the tenants moved out and the house sat empty. With gas prices rising, the second baby on the way and rent to pay in Atlanta, Solomon's job on a Gulf of Mexico oil rig didn't provide enough to also carry the mortgage. They fell behind.

Then, in January, just after the birth of their second son, Solomon's rig shut down, and he had to go to work for another oil-services company. His pay dropped from $18 to $13 an hour. The bank foreclosed on the house in Texas. Bills began to pile up.

Read the rest of this article here.

(Photo by Joeff Davis)

Tags: , , , , , , ,

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Readers also liked…

Latest in Fresh Loaf

More by Ken Edelstein

The Ultimate Doughnut Smackdown
The Ultimate Doughnut Smackdown

Search Events

Search Fresh Loaf

Recent Comments

© 2016 Creative Loafing Atlanta
Powered by Foundation