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How the Mortgage Crisis Forced Thousands of Americans to Live in Their Vans

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Uploaded on Aug 18, 2008

Living in Our Vans (2008): Mortgage crisis forces thousands of Americans to live in their vans. Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_c...

Since the beginning of the mortgage crisis one and a half million Americans have lost their homes. With banks repossessing their houses, many have been left no other option than to move into their cars.

The streets of California are now filled with people who call their car their home. Jennifer Clement, explains, "The estimated value of our house went to 120,000 U.S. dollars within a month. After losing all the money, we literally landed on the street and were forced to live in our caravan". It is a vicious circle: Without a job - no home. Without an apartment - no job.

For Similar Stories See:
Overdose: The Next Financial Crisis:
https://youtu.be/4ECi6WJpbzE
Rogue Traders' Behaviour Helps Give New Insight Into the Global Financial Crisis:
https://youtu.be/wN1timTYasc
Meet the Californian Homeowners Hit Hard by the Housing Crisis
https://youtu.be/wN1timTYasc

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