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For Sale: The American Dream

Owning a home has always been the centerpiece to the American Dream. That dream has turned sour.

The US real estate market prices sharply increased to unsustainable levels until the eventual bubble just had to burst six years ago. Even though prices are recovering, banks have lifted their freezes on foreclosures and the funding for public housing isn’t sufficient to keep up with the amount of people who have lost their homes, so many people have found themselves without a place to live.

This documentary travels to California and Chicago to give you a first person account of how things really are. As you will soon see, the housing crisis in America is far from over.

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  • madscirat

    Another great doc by Aljazeera. A little short on substance, but it does an excellent job of conveying the feelings of those affected by the crisis.

    • Mac

      As a non-American, I found this fascinating – yet harrowing. The corruption, the corporate greed, and the hypocrisy of the top percentile of Americans is jaw-dropping, and as always, comes at the expense of those with the lowest bank accounts.

  • justanothercoginthe wheel

    EVERYTHING the banks did (greed) was approved by the gov’t, for the upper 100% of our gov’t officials profited even more than the 1%. Both parties, repub & dems, had their bodies in the cookie jar. They, however, don’t have to publicly disclose how much they made, and can point the fingers at those who DO have to disclose. Both are grotesque. This doc is one sided. It doesn’t show the gov’t involvement in creating and approving a sub-prime mtge. It doesn’t take responsibility for the SEC, FED, Housing commitee’s in congress, etc who are ALL watchdogs to keep the crisis from happening in the first place. And what do THEY say??? We were under manned. We tried. We didn’t see it coming. When too few people are making too much money, someone’s stealing.

  • http://www.facebook.com/gloria.franks.7 Gloria Franks

    What motivated people to refinance their homes in the first place but $$$$$$ they spent it assuming that home prices would continue to go up. Everyone is to blame not just the mortgage lenders, real estate agents and the government because they cannot get their hands on your home unless you don’t pay property tax or you refinance and foolishly trust those who have the most to gain. I remember brand new homes selling for $400,000 plus in N California and the people moving in who clearly did not make enough money to qualify and they knew it a few were former neighbors of mine who wanted to move up. It’s as much their fault as it is the mortgage lender who got them in the homes.