Posted on 09/02/2010 2:25:18 PM PDT by ChicagoConservative27
With emerging signs of economic recovery across the country, a slow but steady stream of Las Vegans is moving away in search of better luck, in stark contrast to the unprecedented influx of residents during the region’s boom years.
“People are moving out more than usual,” said Sherry Clark, a sales representative for the moving company Allstate Moving in Las Vegas.
(Excerpt) Read more at lasvegassun.com ...
Can’t they wait until after November to move?
Each one of those votes is probably a vote against dingy Harry
Yes, “emerging signs of recovery across the country”? Which country might they be referring to?
I left Nevada a long time ago. It was turning into a vast wasteland when the housing went in the toilet.
Nice seeing you.
America made a gigantic mistake when they elected Obama and the Democrats and many are paying the price. Tragically, we may never 'get our country back'.
My son has been in Las Vegas, in the bar/restaurant business as an employee/manager for over 10 years. He told us Monday he’d just lost his job. The restaurant he was with closed its doors. He’s been transfered part time to another restaurant in the small chain, and has been able to maintain his insurance/401K plan, and has a couple offers. He’ll take one and continue to work the part-time job to rebuild his savings.
But, here’s what he also told me: At this time there are 10 bars a week closing in Las Vegas. In addition, 500 have closed since 2009. That’s one heck of a drain on the economy, IMO.
Las Vegas is truly a crappy little town. I can’t stand it.
Because all their houses are underwater.
With emerging signs of economic recovery across the country..
LOL! Dear God, these people can’t stop the BS, can they?
Stopped reading right there.
“Notice the BS in the first sentence.”
Heh. Perhaps the writer is grading on the curve.
I’m amazed that Reid hasn’t been ridden out of town on a rail. I understand he is quite wealthy through his investments in......wait for it..............
.
.
.
....real estate.
It’s everywhere. I used to think it was my imagination when I’d read of the constant misery in the country during a republican administration but how swell and getting better all the time things were when democrats were in charge. Now I know better.
Lost Wages is nothing more than LA east, Its bad enough here in Northern NV. I used to love it here, Not anymore. If I could get out of here I would move to AZ or TX and never look back...
Yes, I noticed that little piece of propaganda! It’s dang sick!
I have had three liberals I know from my work needing to relocate out of their failed blue areas. They were asking me about Texas. I sent them this to encourage them to come on down!
http://www.youtube.com/watch?v=Vt7FDTpzGvo
I know. A contradiction for sure.
Today i was reading real estate ads online and came across this penthouse condo unit. The building was build in 2007.
Owner bought it in 2007 for 900k, has to sell it for 350k.
WTF is happening in this Country?
I bailed in ‘06. Just in time!
Las Vegas has a very nice community. I lived there for 45 yrs. Left when I retired. I was just there visiting my son and granddaughters, it was depressing to see what has happened to the city I once loved. Liberal out of staters have moved in now, but I am hoping that they vote out Harry
Reid. He changed over the years, he’s always been a Rat!
India.
Texas!!!!
There was a real estate bubble. Your condo example is a case where units sold for far more than new ones could be built, so they have no lasting value.
I live in the burbs of Chicago. Many towns around me went condo happy in their downtown areas.
Must of the buildings are half empty. One town was highest in foreclosure in condos in either the state of Illinois or in the country. I forget which one.
I never understand the need to build so many condo buildings so fast and so many.
In our case the Fed decided in the last two decades or so to "grow" the economy by stuffing it full of cheap credit. That has two effects, absurdly low mortgage rates compared to the risks of the loans, and use-it-or-lose-it mentality for speculators. Builders just follow the speculators. Most of these speculators are completely novice "investors" jumping off the same cliff in a big herd. The builders have even more momentum once they buy the property and get the construction loans. The banks were all too happy to shovel the money to them too up to 2006 or so.
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