Lol .....almost identical to my complaints to the lvcva for years . Too many drunk college kids making the strip a miserable place for gamblers. Finally someone listening ?0

well I would say the "sin city" atmosphere hasn't worked too well either! We used to always take our family to Vegas in the "90's" and spent lots of cash and had a blast. We never felt unsafe, and we certainly didn't have to avoid the strip for fear that pornography would be shoved down our throats.
Say what you will, and I'm sure all the porn purveyors are going to fight tooth and nail to keep it alive and well in vegas, but obviously the way Vegas is being promoted is not working. Its time to find a happy medium. Keep parts of the city for adults, but also have parts of the city that are family friendly, safe and promote good clean fun. It can be done, many cities are doing it already and don;t have the financial problems that Vegas is having.

Good article, exactly what I've been saying all along. Vegas will not recover without jobs, thus the housing market will not recover either. Investors are losing their shirts, and its hard for me to be sympathetic. They thought they were getting a good deal, who's laughing now uh? You thought nothing of the homeowners who were attempting to refi but denied because you were all standing in line to give banks your cash, now your in the position of losing the properties too!! hahaha
Now to JPR, you always have an issue with people who don't live in Vegas responding to articles. Many people have lived there prior and left but still have valid insight into the issues that plague that city. 200,000+ people have LEFT there, just check statistics with Uhaul and Penske truck rentals. That tells the true story, not CNN. They are trying to buffalo people AGAIN to go there and buy NOW before the prices go up. Don't listen to national media, read your local paper and you'll get the truth and nothing but the truth!

And you wonder why people have stopped coming to Vegas? Come on LVCVA.....can't you do better than this?

Ok Hard Rock...now you have an option. You can either continue to cater to the young crowd, who does not spend money gambling and causes alot of problems by being drunk and stupid the whole time they are there.....or.....
You can once again begin to cater to the rock n roll era crowd, which is what Hard Rock is supposed to be about. Most of your current patrons do not even know who half the musicians are who have donated wonderful items to be displayed in your establishment.
Its time for Vegas to return to its customer base, and it not the 20 somethings. Your money lies elsewhere, trust me! Let them have Miami and LA

Again, utter nonsense. I frequently check home values on recently bought homes, and even the homes purchased last year have lost $10,000 to $20,000 dollars.
You still have predator investors that are buying homes at auction, for cash, at around $90,000 and selling them for $110,000 to people who are being told the market has hit bottom. Sorry folks, it has not hit bottom, and now your house is worth less then $90,000. Especially in North Las Vegas. Why are appraisers allowed to do this? They need tough penalties for appraising these homes just to appease lenders.
Its a shame, but it will be years before you gain equity. I hope you don't have to sell anytime soon....

I have to agree with the comments that stations treat the local like dirt. I only lived there for 3 years, and after the first year I stopped going completely. I NEVER won there, at any Station, EVER!
Why go somewhere when you know you don't stand a chance? Not only did they shut off their machines, but bingo was just as bad.
No thanks, when I come to visit, I still don't go to station, and I never will. Cannery, Sams, Gold Coast will have my business thank you

Gee whiz, you think the banks foreclosed on property they couldn't prove they owned? Like, where have you been? We've been screaming this exact same thing for years, finally someone is listening.
However, you can't stop here. The worst offender BY FAR is Goldman Sachs and their partners. IE: Litton Loans for one. They never even returned calls to most customers to tell them how to negotiate a modification and further more, they would not produce the original note to prove they owned the property.. They sent goons to your house to sit outside and wait for you to leave so they could move right in and change the locks. No one wants to take on Goldman, I wonder why that is? Could it be because our last how many treasury secretaries and head of the fed is from Goldman? Now they are doing the same thing to commercial property. They all need to go to Leavenworth for a very long time!

Isn't it interesting that there are articles always discussing sale prices, percents of homes sold, but nothing regarding existing home values? According to zillow, the homes in vegas have lost another 10% in value since January. Those of you who bought late last year, early this year have lost value in your homes, unless you bought very cheap.
Too sad that the truth never comes out until buyers have already spent what little they have to only find out they are upside down before they signed the paperwork. Again, appraisers are running rampant, they should be held accountable for their deception.
Good luck to you all...your gonna need it.