The American Dream: Threatened with Extinction?
Posted by Matt Kanoudi on
The American Dream may have been pronounced all but extinct from some quarters of late, but at least one piece of information makes its impending demise questionable. It’s an unchallenged fact that everyone who keeps tabs on Costa Mesa residential real estate will verify—one that writer Claire Trapasso summarized neatly in last week’s Realtor News:
“Homeowners racked up some serious wealth over the past decade.”
The recent track record experienced by participants in that American Dream (Costa Mesa version) is impossible to ignore. Back during the Great Recession, voices from many quarters focused on the financial beating taken by those who had joined a speculative rush, hoping to profit from loose lending standards. That lax period encouraged…
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