Dec 21 2010

Las Vegas is to the real estate bubble what Detroit was to the US automobile industry – Empty condo projects, apartments poorly built to face the desert sun, and the collapse of commercial real estate.

If Wall Street is the hub of American finance then Las Vegas was the manifestation of credit dreams going viral.  Las Vegas, the beating heart of Nevada had a tremendous boom with the real estate bubble because it played into the narrative of making it big.  Where else can unknowns strike it big and have […]

Nov 6 2010

Las Vegas city has 3 times the rentals of Los Angeles city and L.A. has 6 times the population – U-Haul rate trends and home sales higher in Las Vegas than peak months of the bubble driven by absentee investors.

The Las Vegas housing market expanded and popped the quickest and highlights the gambling euphoria that engulfed the housing bubble.  The housing market in Las Vegas has served as an albatross to drag the state of Nevada down to the point that now the desert state ranks as number one in unemployment nationwide.  One of […]

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