The American Dream of Home Ownership Is Under Fire

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One in five homes is now being sold to a corporate investor. They don't want to fix them up and flip them back to you so that you can buy it, he says. "They want to rent you the American dream" He adds: People aren't renting by and large because they want to rent but because they can't afford down payment or ongoing payments with purchasing a home.

Americans are experiencing a “personal recession” with debt hitting its highest levels in history. Rising mortgage rates and institutional buyers have all combined to disrupt the American dream of home ownership. In this episode we speak to recovering investment banker Carol Roth, author of You Will Own Nothing about how Wall Street is benefitting at the expense of the average American. Get the facts first on Morning Wire.