Yep. But I've saved up my steam for many years now. As long as the servers and locals look like Denise Richards - or better - I'll be just fine.
I cannot thank you enough for caring.
Posted on 10/28/2010 2:41:18 PM PDT by Libloather
Once-Booming Las Vegas may be Reduced to Ghost City
by Kathy Jones
October 24, 2010 at 5:49 PM
The housing market in Las Vegas is on the slide and many have already left for greener shores.
Earlene Howard is the only person left living in a house on her block in Sin City, and she's not sure how much longer she'll be there as the once booming Las Vegas housing market continues to spiral downwards.
The rest of her neighbors have seen their homes repossessed by lenders, and she's already behind two months on her mortgage after her husband lost his job with a local construction company.
"I think we may need to move back to Denver," said Howard, 42, who uprooted to Las Vegas in 2005 because jobs were plentiful here then. "This city is not in good shape. Not at all."
Howard lives in the epicenter of America's prolonged economic downturn.
The once-booming Las Vegas region has for 44 straight months led the United States in home foreclosures, and 80 percent of houses here are figuratively underwater -- worth less than the debt owed on them.
A staggering 23.6 percent of Nevada mortgages are in some form of delinquency or foreclosure, significantly higher than the national average of 14 percent, according to data from the Mortgage Bankers Association.
It's a confusing, devastating turn of events for a city that for two decades was the sterling example of an American boom town.
With only some brief pauses, this gambling and convention destination has enjoyed continuous visitor increases and population growth since 1989, when the first mega-resort, The Mirage, opened on the Las Vegas Strip.
In the 90's I would fly into Vegas 2 or 3 times a year with my wife and kids, see the sites, take in a show or two.
All of a sudden I was shelling out $80 bucks for breakfast at the same buffet that used to cost $5 a head.
Haven't been to Vegas in 10 years, and won't go back.
Well, NV and LV proper has never know anything but, bi-polar economic trends.
Looking forward it is pretty clear that the last Republicans will be leaving California in a few months when Gavin Newsome and Moonbeam are elected, Boxer is re-elected and AB23 suceeds all of which will turn Cali in to a Sanctuary State for illegal aliens, requiring a doubling of income tax and tripling of enviro-extortion fees against business.
Where will these people go?
Not Oregon or Washington that’s for sure.
Idaho and Utah hate them already.
Colorado maybe.
Nevada offers the biggest relief financially for their woes and especially for retiring baby-boomers.
Arizona is another destination yet has a state income tax.
time will tell but, as a Clark County resident, I am not too worried.
Dood, you really need to get out some more. Cuber is a TARGET and we shoot at it every night - with real guns!
(That photography stuff just doesn't cut it!)
All these regional casinos with full compliment of games are eventually hurting vegas. I do agree with the food prices. Went way out of control from low price, good quality food to high priced high quality food you really don’t need.
I was happy with coffee and a danish at 10 when I woke up, a $12 buffet at 3 or 4 and a piece of pizza at 10pm. Now it’s all priced over the top.
It appears that the Mexicans are leaving LV. They were responsible for a large part of the housing explosion. Fanny Mae gave out the money and the banks loaned it to them.
You're one of those guys that just needs a good roof over your head, a few reasonable places to shop, and a couple decent places to let off some steam - yes?
***who uprooted to Las Vegas in 2005 because jobs were plentiful here then. ***
Strange. Then Indian casinos in Oklahoma are doing very well! Why go to Las Vegas!
Yep. But I've saved up my steam for many years now. As long as the servers and locals look like Denise Richards - or better - I'll be just fine.
I cannot thank you enough for caring.
Real money instead of 'credits'?
At some point the price of water will get so high that the tide of humanity will stop.
It would really have been great if Yucca Mountain could have been OKed before all the NIMBY idiots had moved to Vegas. But as more and more NIMBY idiots move there you won't be able to tap all the water you need to keep the faucets running.
Do you really want more libs moving to Vegas? I moved to Colorado in the early 90's and saw it transformed from a Republican-leaning to a Democrat-leaning state in 10 years. It wasn't pretty.
I noticed an Islam school (soon to be an mosque IMO) in Vegas on Russell road between Eastern and Maryland Parkway
Las Vegas can look at pictures of abandoned Detroit neighborhoods to see what it will look like in a few years.
25 years ago when Sam Kinnison was doing his schtick about, "We have desserts.....WE DON'T LIVE THERE!!" I thought to myself, "well...except for Vegas."
How did that Democrat hope and change go for them?
If they have loot that they are more then willing to give to me? Yes.
Mosque building has increased all over since 2000. Ten years ago there were like 500 all around the country, now it’s in the thousands.
I've been in Vegas a few times in recent years -- once in a while as conference attendee, more often as conference speaker. There are good folks in Vegas general (including a good FReeper FRiend) but I don't care for it much.
Then again I'm not there to "see shows and eat and relax" - it wouldn't be my personal choice for relaxation. (The noise from the gambling machines alone drives me up a wall -- if you think the French are addicted to noise-making machines, and they are, just visit Vegas. Aiiieeee.....)
JUST YESTERDAY:
Dirty Harry Reid announced a new ONE BILLION DOLLAR project that will start in 2012 or so & last until 2030.
It will ‘make the traffic move better in Las Vegas.
I-15 already goes thru Vegas & keeps the traffic moving that is not going to the casinos.
The main drag is where people get to see the casinos up close & get their dose of glitz & lights.
I know that the entire city is well built up, including the ‘City Center’ which ran into lending problems & overruns & which Dirty Harry strong-armed into completion.
Just where are they going to put in a ONE BILLION DOLLAR project that is for moving traffic? What will be torn down? I sure would like to know the path that is proposed. How much of it goes thru land that Dirty Harry owns? Or one of his friends who will give Harry a kickback like the land deal that earned him $1.1 million for a deal on land Harry had not owned for 3 years.??
The MONORAIL that they built a few years back to move people around from casino to casino has almost no ridership.
Dirty Harry’s timing on this announcement is very transparent.
How many times during the 2008 campaign did NObama tell the citizens of the USA NOT to go spend their money in Las Vegas, etc????
Seems I remember him saying that at least 2 times in major speeches.
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