Jody Shenn, of Bloomberg news, explores the images of home in America and in what ways the financial and mortgage crisis has contributed to the evolving view of home. Shenn shares his thoughts on America’s love affair with their homes and the how homeownership has traditionally been viewed as the best path to wealth, generational wealth transfer, and the appearance of affluence. We’re now in a time of reassessment of the “American Dream”.
Will the current crisis lead to a change in the way Americans view housing and homeownership or is the “American Dream” so ensconced in American culture that it will survive the current crisis? What do you think?