Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis

Photo of Ryan Serhant (Credit: Roy Rochlin/Getty Images)

In an era in which homeownership feels increasingly further out of reach, one real estate CEO is trying to dispel the idea homeownership is the true American Dream. 

“I think it was a slogan created by banks to create interest income on home loans,” Ryan Serhant, founder and CEO of real estate referral network Serhant, said in an interview published by The CEO Series. “It’s like student debt. Everyone needs to go to college. It was a device to create interest payments on student debt.”