![\"carolynangelette\"](\"http:\/\/static.businessinsider.com\/image\/4bfa9ec57f8b9a367d760000-278-209\/carolynangelette.jpg\")
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A realtor at ground zero of the oil leak<\/a> said the disaster was having a “horrible, just horrific” effect on sales.<\/p>\n Carolyn Angelette said around 100 clients have canceled summer rentals in Grand Isle, LA. Other clients have postponed plans to buy a home until they see the full extent of oil damage. At this rate, she warns, her Century 21 office will go out of business.<\/p>\n “Even if they were to stop the oil today, people will be fearful of coming out here and getting in the water,” Angelette said.<\/p>\n Home prices in the beach town held steady during the housing crash, Angelette explained, as most Grand Isle buyers are looking for second homes. Property destruction during Hurricane Katrina was a greater problem. By this summer, however, the market was ready for a strong recovery.<\/p>\n “The oil spill couldn’t have happened at a worse time,” Angelette said.<\/p>\n Like her clients, Angelette fears the worst. She thinks chemical dispersants released by BP have made an even bigger toxic mess, which may turn Grand Isle into a uninhabitable wasteland, the next Love Canal.<\/p>\nSee pictures of the town covered in oil >><\/a><\/h2>\n