Daily Archives: January 7, 2010

Our Lot: How Real Estate Came to Own Us by Alyssa Katz

Our Lot by Alyssa Katz Ms. Katz goes into gruesome detail with classic readable muckraking style- you get to know a lot of characters as she explains what can only be described as a nationwide conspiracy on every level to inflate home prices and commit mortgage fraud. She says “titling a show Flip this House or Flip That House is like titling a show Theft is Easy” So many neighborhoods and lives were destroyed by the deliberate stripping of equity from cities, and lying cheating to sell mortgages to people who don’t need them and shouldn’t have them. Depressing!

I’m not buying a house. I’m not ready to “marry a building” as Scott phrased it. Or to deal with sewage in my basement, or the thousands of other little fun projects that the homeowners I know enjoy. I did like scraping up carpet glue in my old apartment for months with a one inch scraper, but that was performance art.