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Rahm Emanuel: “Owning a home is no longer something you can achieve, but you have to defer.”

Featuring: Rahm Emanuel, Democratic | Former Mayor of Chicago, Former U.S. Ambassador to Japan | Illinois

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And what's happened, we have to acknowledge that both parties are responsible for this and both have failed. The American people, the American dream, the moment it became unaffordable is exactly when our democracy became unstable. Owning a home is no longer something you can achieve, but you have to defer. You're taking money out of your 401k to make your paycheck, get to the 31st of the month, your kids, when they go to college, which is what you save and struggle for now, live in your basement and don't leave. (19:31–19:36)

STATEMENT

Asserts that home ownership is now deferred rather than achievable.

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Rahm Emanuel

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