Millennial Housing Angst And The Future of The American Dream

Sad but true sentiments

Thought Catalog

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Many of us jeopardized our financial futures by going to college despite the fact we (or our parents, who encouraged us to go) couldn’t afford to pay up front.

We also came of age during a time when the promise of homeownership was flipped on its head.

The extent to which a gangsterized Wall Street money-making machine could suck home buyers in, rob them, and then turn them back out was on full display by the fall of 2008. Writing for Rolling Stone in 2009, Matt Taibbi likened bankers at Goldman Sachs to “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

If you’re looking to point fingers, point them at widespread, rampant, wholesale financial deregulation during the 1990s.

Washington let the foxes on Wall Street watch the hen houses on Main Street.

[tc-related]

You know the…

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