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Affordability we actually got away from affordability. >> it is a reminder of the ways federal housing made it possible for working class americans to get a hold of the wealth that accumulated in real estate. to use it for a basis for upward mobility to pass it on to their kids and grandkids. it was after all his white grandfather. >> right. i'm with you. it is a reminder that public policy made it possible for a specific segment of working class americans to live comfortably near where they worked. today we have a question of

Be affordable for the average poor family in new york by any stretch. >> so i wonder if that kind of disconnect between our notion about who working class people are, if that has always been a problem of government policy or this is something new. i wanted to listen to president obama talking about his grandfather who was able to take advantage of an fha loan post world war ii. let's listen. >> when my grandfather came back from world war ii the government gave a chance to buy a loan for his first home with the fha. for him, home was proof where if you worked hard if you're responsible, it was...

Communities have no resources, no assets. on the one hand i want to tell the story of massive in equality but i want to tell about vibrant communities even in the context of this poverty. >> if you think about baltimore, it has produced some of the nation's greatest african-americans. thurgood marshall came out of baltimore. >> the same as freddie gray. >> there are people who can tran accepted but there are so many who cannot because of everything you just explained. it is not just integration for integration sake that people are talking about. we're talking about keeping poverty in these con...

The idea of growing up getting a good job. but i don't know that we are as clear about the ways that wealth is -- that it compounds over the years and becomes basically an impossibility to close in a generation. >> the wealth gap is enormous. african-americans have 4% of the household wealth of whites today. that's the consequence of generations of systemic housing and segregation. we own most of our assets in the form of our real estate. we pass it down to our kids. we take loans off of it to pay for college, to pay for medical emergencies. we pass it down to our children and grandchildren in...