By Yasha Levine
Everything the real estate industry tells you is a hustle. No industry is more geared toward pumping up the positive and burying anything remotely negative, leaving you — and truth — out in the cold.
The crash has not made real estate agents any more honest, but at least the gap between the industry’s crazed optimism and stark reality has grown so obvious that even the real estate industry can’t hide it anymore.
Nowhere is this more obvious than in Victorville, Calif., an exurb of Los Angeles situated in the high desert where housing bubbled up higher than just about anywhere at the peak of the subprime-lending craze and is still in free fall today. (more…)
June 16th, 2009 | Comments (17)
