Analysis Of The Mansion: A Subprime Parable By Michael Lewis

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In the essay “The Mansion: A Subprime Parable,” Michael Lewis unfolds the real face of the American dream. He talks about his own personal experience in his look out for a house and his struggle with the house he rented. Most Americans have bought houses they cannot afford. Banks offered loans, they have lent mortgages that many don't have enough financial resources to pay them back. Agents have falsely guaranteed that real estate prices will be in constant rise, they promised them that there will be no declination in prices.

There is no space for argument when saying that agencies, mortgage agents, and various big organisations are to be blamed for this disaster, but they're not the only ones to be blamed for the entire issue. More than half of the blame, according to Lewis, goes to American citizens. In reality, most Americans are blinded by their lack of satisfaction and greed. They desire the luxurious way of life, Americans tend to look beyond their financial capabilities and power in search of unnecessary materialistic objects, such as overly large houses. …show more content…

This is especially right when when it is related to the matter of renting or owning houses. Americans strive for houses that are much larger than their need and far out of their financial limits. In fact, Lewis mentions in his essay that it was his case too, he sought a house that he couldn't handle the house. In the “The Mansion”, Lewis admits his mistake at choosing a house, he acknowledges the influence the house had on

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