The past few years have certainly challenged the idea that real estate prices only go in one direction. But the downside of the "American Dream" is even more pronounced, says James Altucher of Formula Capital.

Moreover, Altucher says the notion buying a home is a ticket to financial security is a "scam" perpetrated on the American people by corporations seeking to keep us in debt, less mobile and with the storage to purchase all sorts of needless consumer goods.

Duration: 5:27     Date: 2/1/2010

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