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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)