Comments on: Las Vegas: Retail Follows Rooftops- Down The Drain http://housingdoom.com/2009/06/01/las-vegas-retail-follows-rooftops-down-the-drain/ Thu, 24 May 2012 17:28:21 +0000 hourly 1 http://wordpress.org/?v= By: leggo http://housingdoom.com/2009/06/01/las-vegas-retail-follows-rooftops-down-the-drain/#comment-16719 leggo Tue, 07 Jul 2009 06:02:57 +0000 http://housingdoom.com/?p=2723#comment-16719 My observations of late have been: 1) Builders are still completing office parks and strip malls. Then they sit vacant and are still vacant. The builder won't get paid unless he completes the project. Then it's the noteholder's problem. Default. Now it's the Bank's problem. 2) Realtors are STILL touting a housing recovery. Don't these bottomfeeders have any remorse for putting people into homes they could not afford? Wishful thinking I guess. They only care if a transaction takes place. 3) You would never know there was a recession on the strip. But the local casinos are ghost establishments. On Saturday night, July 4th, there was NOBODY in the buffet at a local casino. Nobody has any disposible income left after watching their equity vanish. 4) The house I'm renting went from $386,000 in June 2006 to $224,000 in June 2009. The landlord's mortgage is $350,000. Oh snap. My observations of late have been:
1) Builders are still completing office parks and strip malls. Then they sit vacant and are still vacant. The builder won’t get paid unless he completes the project. Then it’s the noteholder’s problem. Default. Now it’s the Bank’s problem.
2) Realtors are STILL touting a housing recovery. Don’t these bottomfeeders have any remorse for putting people into homes they could not afford? Wishful thinking I guess. They only care if a transaction takes place.
3) You would never know there was a recession on the strip. But the local casinos are ghost establishments. On Saturday night, July 4th, there was NOBODY in the buffet at a local casino. Nobody has any disposible income left after watching their equity vanish.
4) The house I’m renting went from $386,000 in June 2006 to $224,000 in June 2009. The landlord’s mortgage is $350,000. Oh snap.

]]> By: freemonster http://housingdoom.com/2009/06/01/las-vegas-retail-follows-rooftops-down-the-drain/#comment-16718 freemonster Tue, 02 Jun 2009 03:25:02 +0000 http://housingdoom.com/?p=2723#comment-16718 Karma has a funny way of dealing with certain elements. Couldn't happen to a more deserving group of prix. Karma has a funny way of dealing with certain elements. Couldn’t happen to a more deserving group of prix.

]]> By: AGENT http://housingdoom.com/2009/06/01/las-vegas-retail-follows-rooftops-down-the-drain/#comment-16717 AGENT Mon, 01 Jun 2009 21:57:14 +0000 http://housingdoom.com/?p=2723#comment-16717 Yea, it's looking pretty ragged. There are so many signs up and down main streets that the common eye doesn't even notice. I've been here a couple years and am not yet braindead so I see all the "For Lease" and "For Rent" signs, and all the vacancies. The main things, of course, are still intact. Happy Hour with the parade of new breast implants and new puffy lips - now that still continues. 3PM is Happy Hour in the Red Rock area for the regulars and the parade of new body parts is a real crack up. My husband nearly breaks his neck. Yea, it’s looking pretty ragged.
There are so many signs up and down main streets that the common eye doesn’t even notice. I’ve been here a couple years and am not yet braindead so I see all the “For Lease” and “For Rent” signs, and all the vacancies.

The main things, of course, are still intact.
Happy Hour with the parade of new breast implants and new puffy lips – now that still continues. 3PM is Happy Hour in the Red Rock area for the regulars and the parade of new body parts is a real crack up. My husband nearly breaks his neck.

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