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Old 06-07-2011, 08:43 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,524,319 times
Reputation: 7615

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Ouch.

The median home-sale price in the Las Vegas area at the 2006 peak was $313,500; in 2010, that fell to a stunning $138,100, according to the National Association of Realtors.

Beyond the Strip, it's pretty hopeless. Office vacancy rates in some areas are as high as 40%, while retail vacancy rates are above 11%. Don't expect any recovery there for many, many years.

Is Las Vegas the new Detroit? - 1 - underwater homeowners - MSN Money

Last edited by jfkIII; 06-07-2011 at 08:52 AM..
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Old 06-07-2011, 08:47 AM
 
Location: Macao
16,259 posts, read 43,239,224 times
Reputation: 10258
This thread has already been started and posted.

The link to the thread states "Is Las Vegas the new Detroit? - 1 - underwater homeowners - MSN Money".

Detroit has 'underwear homeowners'? Seriously? That is not the case with Detroit whatsoever. There wasn't even a housing bubble there.

I didn't look at the link, but journalism seems to go to even new lows of seriously having no clue.
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Old 06-07-2011, 08:54 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,524,319 times
Reputation: 7615
Quote:
Originally Posted by Tiger Beer View Post
This thread has already been started and posted.
my apologies...please ignore.

Mods...please delete this thread.
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Old 06-07-2011, 09:08 AM
 
Location: Ft. Lauderdale, FL
228 posts, read 719,184 times
Reputation: 169
Sorry, I didn't mean to beat you to it.
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Old 06-07-2011, 09:10 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,524,319 times
Reputation: 7615
Quote:
Originally Posted by tr00th View Post
Sorry, I didn't mean to beat you to it.
np...I should have searched the new stuff first. Just as long as it's out there.
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Old 06-07-2011, 09:16 AM
 
Location: Las Vegas
3,728 posts, read 9,482,613 times
Reputation: 1323
Quote:
Originally Posted by jfkIII View Post
np...I should have searched the new stuff first. Just as long as it's out there.
And even that won't stop em' from moving here and buying up homes either
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