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real estate

victorville-bradjonas

It’s just past 5 a.m. and I’m sitting in my suite at The Plaza hotel, high up above the grimy streets of downtown Las Vegas. On the horizon, beyond the gold brick Trump Tower, beyond the needle of the Stratosphere, beyond the shimmering lights of the city, I can make out the hazy outline of the Spring Mountain range that separates the Vegas basin from the open Mojave Desert.

In a few hours, I am going to cross those mountains, drop down into California and head in the direction of my next NSFWCORP assignment: I’m moving to Victorville, California, a gnarly desert bubble suburb that inflated faster and popped harder than almost any other place in the West. (more…)

January 9th, 2013 | Leave Comment

Recovered History: How Wall Street-Funded Self Help Propaganda Greased the Real Estate Bubble

I was passing through the Mojave Desert and by chance stopped by a local thrift store in Joshua Tree. I’m glad I did, because I spotted a book that I just had to own. At $0.50, it was priced to sell….

October 19th, 2012 | Comments (56)

The War Nerd: Libya, By da Yout', For da Yout'...For Now

A little secret you won’t hear much about: Libya under Qaddafi wasn’t that bad for most people. And that’s according to the CIA. Take a look at the CIA factbook on Libya under Qaddafi and you’re in for a shock.
Subsidized medical care, subsidized education, one of the highest average incomes in Africa, a life expectancy of 77 point something, and rankings in the 90s, pretty low, on most of the bad stuff like infant mortality.

August 30th, 2011 | Comments (45)

eXiled Alert! Dylan Ratigan Gives Shout Out To Yasha Levine, The eXiled For Pioneering Real Estate Market Reporting Out of Victorville

I’ve been living in Venice Beach for the past few months, convalescing after almost two years of immersion-reporting out of Victorville, California–the front lines of California’s real estate meltdown. Life out in Victorville, a remote exburb on the edge of…

February 1st, 2011 | Comments (19)

Shilling With Schiller: Newspapers Attempt To Boost The Real Estate Market, Again

Once again, the Case/Schiller Index has lived up to its name. All summer long, real estate shills have used it to jack up homebuyer confidence and fluff the housing market. Now, they are doing it again. Just look at the bullshit…

September 29th, 2009 | Comments (3)

Behind the Real Estate Bullshit: Socialism & Scams Drive Housing Market Optimism

If you search your favorite news aggregate for “US housing market”,  you’ll find a whole mess of headlines guaranteed to make you feel good about that crappy McTractHome you might have bought at the height of the real estate orgy….

September 3rd, 2009 | Comments (25)

DESERT DISPATCH: McMANSIONS FOR McDONALDS

I’ve been thinking about sleaze and corruption lately. It’s hard not to. Out here in windy, sun-baked Victorville, underhanded swindles are about as common a sight as the tumbleweeds blowing around the Mojave Desert. The biggest scam now is the…

August 12th, 2009 | Comments (26)

Are Subprime Cities On Their Way To Becoming America's Very Own Gulag Archipelago?

It’s 5 AM in Victorville, California, and I haven’t slept in 48 hours. Outside my second-story window, the sun is rising up over the jagged mountains across the desert. In the three months I’ve lived here, I’ve seen more sunrises…

July 21st, 2009 | Comments (66)

Depression Porn: How Banks Are Gaming The Real Estate Market

US Stocks Gain On Report Of Pending Home Sales . . . Pending Home Sales Rise the Most in Over Seven Years . . . Consumer Confidence Spurs Broad Gain . . . You see the same bullshit headlines churned…

June 5th, 2009 | Comments (39)

The Making Of K-Town: Inside New York's Real Estate Hype Machine

I’ve always taken it for granted that brokers disseminate lies through the media to tweak property values. But a couple of weeks ago, I became a small cog in the national real estate propaganda machine myself while reporting for the…

May 10th, 2009 | Comments (27)