Okay, you've got an $800,000 home because you're home value got out.

But so is everyone else's.

Yeah.

So if you sell your $800,000 home, like congratulations, you don't pocket the difference,

you got to go buy another $800,000 home if you want to live in the same neighborhood.

Yeah.

It's like the rat is trying to outrun the wheel of the whole time.

And what we're seeing now with Trump's election, when they talk about making America great

again, I would argue what they're actually responding to is the end of that social contract.

That system that they've paid into for 60 years, the system that told them that they could

retire on the value of their homes, well, that system is only valuable if there's someone

else on the other end to buy that home.

For many Americans, especially in rural suburban areas, there's no one else to buy those homes.

So you've paid into the system, you've paid off your home, but it's worthless.

Welcome to Wise Is Happening with me, your host, Chris Hayes.

So I'm going to tell you something about myself and about my dad actually, and about my

jobs, which is that my father was a community organizer when I was growing up.

He did some other jobs, he ended up in New York City Department of Health.

But when I was a kid in the Bronx, he was a community organizer and specifically focusing

on housing.

And the reason he was focusing on housing is because there was this period of time when

the Bronx was burning, when there was just tremendous underdevelopment and underinvestment

...