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Special Segment (Housing The Great Squeeze) #516826

NBC Evening News for Monday, May 18, 1981
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(Studio) 1st of 5 items on subject introduced Prime rate noted.
REPORTER: John Chancellor

(Newton, Kansas) Razook family case cited. [Mrs. RAZOOK - speaks of moving in with mother-in-law.] Cases cited across nation [Rutgers Univ. professor Ceo. STERNLIEB - says American dream house is endangered species.] FDR push for home ownership to boost economy recalled; old film shown. Econ. blamed for change in United States pattern of home ownership. Fin. aspects of home ownership detailed on screen. Newton, Kansas, situation noted. Problems cited. [Russ MONROE - talks of not being able to sell old home.] [Bob SCHRADER - talks of situation from builder's view point.] Adjustable rate mortgages noted. [Bank president Bob HANNA - notes frustration of times.] [Ivan HOLMES - speaks with regard to prospect of losing house and equity.] Reality of American future said small hses. on less land.
REPORTER: Chris Wallace

(Studio) Rental property said subject tomorrow.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Wallace, Chris
Duration:
00:05:10

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