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Detailed text transcripts for TV channel - MSNBC - 20140302:18:42:00

We make it very easy for people to build and live in enormous houses and drive cars that connect them to the city is where the real economy exists. but you look at your rents, your mortgages, train passes, taxis, maintenance on your cars, all that so expensive. so how do you get around it? and you say someone s already getting around it? right. so there s a criticism that exists about they don t spend they re spending all their money on smartphones and dinners out with friends and shoes that are fancier than their income warrants. they have one of the lowest housing ownership rate than any generation in the last 50 years. they aren t buying new cars. they grew up and graduated into recession. when you take this one dollar out of every two dollars that we re spending on housing and trl transportation and you redistribute that to technology and education and dinners out with friends you see a different ....

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