Gerhard Stoltz's Library tagged housing →  View Popular

Moving the poor out of the inner-city to enjoy an idyllic suburban existence may sound all cozy and wholesome like, but only if you’ve never set foot in one of these “nearby” exurb cities T.A. talks about. I’ve been living in one for the past 8 months, and let me tell you that it ain’t no fun, just ghetto.

But that ain’t where he’s at. Mulligan still enjoys a blogger position at the New York Times, and still spews incoherent freemarket dribble and economic predictions, which proves that for the idiots running this country, it’s all about the “free markets” and the “free pass for whatever fuckup I make, no matter how disastrous the consequences for you!”

Developers say they now have to compete with banks, as well
as each other, to shift stocks of unsold property.

It was really a coup de etat for everyone involved. When the subprime market collapsed, President George W. Bush pushed Congress to heavily expand the the FHA loan program, increasing its budget, lowering entry requirements for both lenders and debtors. Eventually, our elected officials even took care of the bothersome 3.5 percent down payment requirement for the loan with all sorts of free cash.

Experienced city reporter Jake Mooney introduced his readers to young artists moving their children to Kensington. The reason he gave for the artists fleeing wasn’t very convincing but it didn’t need to be: “[T]he last straw in Park Slope was the parking.” Stylish boom-era readers didn’t need Mooney’s 1400 words to get his drift. Artists were moving there, so “Kensington was the new Park Slope.”

Across the US, similar salesmanship—masquerading as journalism—can be found in money-hemorrhaging publications, kept on life-support by brokers’ ad revenue.

What I found out so far has been quite a shocker.

As it turns out, Victorville—and the entire Victor Valley area—has been steadily milked by sleazy land developers for the past 50 years.