Exploratory Essay

Topics: Mortgage, United States housing bubble, Subprime mortgage crisis Pages: 4 (1407 words) Published: November 6, 2013
Prompt:
In the UN report, "The Right to Adequate Housing," the human-rights element of housing is addressed as a global issue. Indeed, some of the specific references to refugee camps or indigenous communities might seem unrelated to most Americans experiences of the Great Recession's foreclosure crisis. Cite two-three sources that explain how the report still speaks directly to Americans who have lost their homes (either through foreclosure (for owners) or eviction (for renters). The assignment is to offer three thesis statements supported by evidence from the assigned reading, within the main theme of Adequate Housing.  The central problem the Right to Adequate Housing which is a human rights.  The foreclosure crisis which evicted thousands of home owners, (The Great American Foreclosure Story: The struggle for Justice and a Place to Call Home) increase of poverty in suburbs (America’s shifting suburban battlegrounds) and the efforts of activists to solve the problem of vacant houses left by the home owners (The Death and Life of Chicago), “The Bank is messing with Us , the enduring legacy of occupy homes”, “The Political Scene Pre-occupied, and Poverty and Suburbs:  An Introduction’,  are related to the main theme of Adequate Housing”,   The Central Problem is that in spite of the growth of cities, suburbs and efforts of the government and organizations to provide adequate housing to people, people are displaced and are left homeless.  US is considered as one of the richest countries in the world.  The people have high standard of living compared to majority of countries in the world.  But US was hardly hit by the foreclosure problem in the latter part of the first decade of the new millennium.  Home Owners were unable to keep their homes.  In the first part of the decade there was a housing bubble and boom peaking in 2006, in which house prices were sky rocketed, and people were buying houses thinking prices are going to keep on climbing.  The price...
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