Monday, April 28, 2008

Weekend America: Foreclosure Behind Las Vegas Gates

Weekend America: Foreclosure Behind Las Vegas Gates: "Just recently in Las Vegas, there was a perfect storm of booming home construction, some unscrupulous lending practices and lots of housing speculation by first-time investors. That's added up to some of the nation's highest foreclosure rates. It's easy to find those neighborhoods hit the hardest by the real estate crisis -- just look for the nicest communities surrounded by brick walls and elegant wrought-iron gates."
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Fred Pilot sent this link. The ripples keep on spreading.

1 comment:

Evan McKenzie said...

What a brilliant comment. I think the vegetable soup diet rotted your brain. Try a hamburger next time.