Michael Lewis sheds the light on the many problems the American real estate face. Millions of Americans have bought homes which costs them beyond what they can afford. People are finding it hard to pay mortgages. On top of that, propagandists have given a promise that there will always be an increase in the real estate costs. Michael Lewis wrote this article to acknowledge the consequence of the horrific real estate crash, and the financial consequences that will get to the middle classes of people. Lewis gives his own evidence and showcases this major crisis. When Lewis insisted to move back to New Orleans, where he spent his childhood, he was in desperate need of a house. The real estate market had been low ever since Hurricane Katrina hit New Orleans. Lewis had always considered himself belonging to the upper- middle class, but he kept thinking of upgrading. His mansion is enormous and is the most lavish house on the street. The inside is spectacular. Parts of the house had gold paneled ceiling. The house consists of many bedrooms, and it is accessible for the whole family. However, he never took a moment to stop and think about the aftermath of renting a house that big. …show more content…
One of them being that the house personally starts to change him. Before getting this humongous mansion, he used to already live in a big house which he was living fine in, but greed got in the way. He is now stupidly spending extra money just to cover up all the empty space in their house. Lewis stated in his article that the middle class of people aspire to reach the upper class, but they do not realize this will cause them debts. Moreover, they cannot provide basic needs for their living because they will spend all their money on the unnecessary needs so that they can brag in front of