The Destruction Of The Inland Empire

"Today, FHA loans are the homebuilders' new racket. With subprimes no longer in existence, builders are originating thousands more FHA loans in the Inland Empire than they were before the bubble burst. Of the two builders that originated the largest number of FHA loans during 2007 and 2008, default rates are higher than the national average. Even in the wake of the housing market collapse, the California Dream lives on in the Inland Empire, but so does the barren desert beneath the roll-out lawns of homes propped up by lies."