How the Mortgage Crisis Forced Thousands of Americans to Live in Their Vans

Living in Our Vans (2008): Mortgage crisis forces thousands of Americans to live in their vans Since the beginning of the mortgage crisis one and a half million Americans have lost their homes. With banks repossessing their houses, many have been left no other option than to move into their cars. The streets of California are now filled with people who call their car their home. Jennifer Clement, explains, "The estimated value of our house went to 120,000 U.S. dollars within a month. After losing all the money, we literally landed on the street and were forced to live in our caravan". It is a vicious circle: Without a job - no home. Without an apartment - no job. ORF - Ref. 4122 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.