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It's great thank you.
The homeownership now the lowest level since 1995.
Only 65% of Americans actually own -- homes they -- that's -- latest census data.
Is another sign the American dream is -- and should be concerned Lou Dobbs is here.
People just got -- -- to the issue being concern.
It's as if we are reflexively concerned about every change in statistical.
Banks of information.
At this point I don't think there's anything to be concerned about because we are looking at a housing industry that's in recovery.
Whether it's multiple family homes or whether it is the single residences -- you know and home ownership became a mantra -- -- Yeah that's a problem that's how we got into this mess and he met a core value you know -- In nineteen nanny for the community redevelopment act and suddenly Clinton in the boys decided they were going to make this it just selling.
I think what we have to wait and see.
Two to examine what the impact is because rent has been a perfectly honorable.
A position to be in throughout our history.
And I think it's basically -- -- time we're looking at 65% homeownership.
That's pretty pretty darn good when you think about the fact that most people -- say they're retiring.
Nearly 60% of them don't have enough money to retire so.
I'm I'm not sure how you score those numbers you can't.
You've got a lot of stresses and strains within.
-- households who have of this country right now let's see how it plays out.
Yeah I mean the difference you renting and buying is just the difference in how you finance the place that you're currently living in.
You know we put it forward as a value.
But for a lot of people it doesn't make economic sense if the house isn't going up in value and a lot of people depended on that.
Happening over a long period of time and thought of it as the retirement savings.
Turned out not to be the case when the housing market collapsed or they use a like a piggy bank and hold all the equity out.
I mean I -- it's healthy to get back to basics and to happen and people putting money down or maybe not -- if it doesn't if you can't afford it doesn't make economic -- My wife and I've been fortunate -- buying a house.
Thirty years ago in which we still live or -- -- family in that house.
And have no interest in me and moving.
And I think right now and you're looking a lot of people who.
Uncertain because of their job prospects right Everett may be -- mobility requires.
That that capacity just to pick up and go to where the jobs are -- economic opportunity is.
And I think that's a wonderful thing yes upward mobility means being mobile yeah it's -- -- -- -- -- that -- -- war.
Are are so Clark in generational poverty is because.
They're not being incentivized to move to the jobs -- various reasons and in and that's wrong and give this president and others should be working on it.
The two hardest hit -- is right now in this economy.
Are blacks and Hispanics.
And that mobility.
Is so essential to to go to where jobs are they're few and far between but you've got to be able to move to the.
And that should be the American dream that potential for upward mobility I think.
What's striking about this research is defeating American dream whether it's a home or just opportunity -- from.
And so I think you hit the nail on the head by bringing up that issue.
And you know whom we talk with the fading American dream were.
Really this is to me about feeding leadership.
This is an aggregation movement and this is not a partisan statement -- anyway.
Because it applies to a Republicans as well as this president the Democrats.
This is a group of leaders who -- director of originality and ideas and passion -- Bob.
The welfare of others.
That isn't based on any news on the dependency of government programs but rather -- inspired ideas about how to create opportunity for millions.
And this president is laying down.
The Democratic Party is laid down on this issue the Republicans continue to talk about budgets and debt.
My god -- morning -- come up to new ideas -- something for the country.
They're very anxious are through I.
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