Source: (Excerpt Below) www.huffingtonpost.com It’s hard to find a home bought before 2009 that isn’t underwater and very few landlords, when running credit checks, look for foreclosures or short-sales on a tenant’s record. Otherwise, a manager couldn’t fill a building. Nevada has a greater concentration of economic misery than any other state. The state’s unemployment rate, which in June edged up to 14.2 percent, has risen faster during the past year than it has anywhere else, and nearly six percent of all homes across the state’s desert landscape received a foreclosure filing in the first six months of the year. While the concentration of misery may be greater in Nevada, it was caused by the same unchecked housing bubble and unregulated financial gambling that brought pain to the rest of the country. If present trends go unchecked, Nevada is America’s future. The jobless rate would likely be much higher, say residents, if Nevada were not such a transient state. When folks lose their jobs and their homes, they often pack up and move in with relatives…”Nevada was pretty much a growth economy for most of the past two decades,” says Steven Horsford, the Nevada State Senate’s Minority Leader, a Democrat who represents North Las Vegas. “When the financial crisis hit, it disproportionately affected Las Vegas because of our growth rate.” Horsford says the local economy is struggling not because fewer tourists are coming to Vegas, but because the people who do come are …
{ 25 comments… read them below or add one }
Anonymous 07.31.10 at 11:12 am
The End of Sin City. :,( PERIOD!!!
Anonymous 07.31.10 at 11:12 am
I live in Vegas (I’ve been here for years). The numbers are true and the foreclosures are very real. Unemployment is insane. My student loans are increasing dramatically. But, ironically, there is so much construction going on. Houses are being built like crazy, schools keep popping up, and for some reason Reid gave us a shooting range *cough* wants NRA support *cough*. We’re not handling our money right. I love living here, but I always imagine the day I’ll have to head out to Cali or Arizona.
Anonymous 07.31.10 at 11:12 am
@moski3 SU
Anonymous 07.31.10 at 11:12 am
The upside to vegas collapse is that the escorts will let u bang them for 50% less then normal rate. I fucked 2 for the price of 1 in Vegas in one night. Plus they also do kinds of kinky acts if u ask them coz of the need for money. so i got one to drink my piss and other to eat my shiit after i smeared it on her face.
Anonymous 07.31.10 at 11:12 am
The term he was looking for was “Circling The Drain” Learned it from Geroge Carlin.
Anonymous 07.31.10 at 11:12 am
This is an actual broadcast show?
Comedy Central, right?
Lamer than Oxygen’s 2am lineup….
Anonymous 07.31.10 at 11:12 am
Haaa haaaa haaaa! that is what you get when an Un American ANTI CAPITALIST Leftist is elected!
Remember . . . “don’t go to Vegas” Obama? Obamas/ Reids “DEATH SPIRAL” is working out well! Got to love them Democrats/ Leftists/ Marxists/ communists! They hate when others have money and “stuff”.
Anonymous 07.31.10 at 11:12 am
America is going down because thats all part of the plan. Russia will soon knock on your doors and say hi!!!
Anonymous 07.31.10 at 11:12 am
The Indian casinos popping up all around the country are killing Vegas. Besides, all the gamblers have gone bankrupt. Their credit scores are zero.
Anonymous 07.31.10 at 11:12 am
Strippers on the corner, with signs saying “Will strip for food!”
…Hell I’ll strip for free!!! if there is an audience. Mind you I’m a 40 year old guy so the audience would likely be small.
Anonymous 07.31.10 at 11:12 am
Wake up people this moron isnt giving you any news….hes part of the corrupt fake news channels like Fox and MSNBC…..its all part of their plan to prop this moron up so they can feed you these bogus talking points on the internet….WAKE UP
Anonymous 07.31.10 at 11:12 am
@3RobNHood3 If you had a lousy time, that’s your fault, its the entertainment capital in the world.
Anonymous 07.31.10 at 11:12 am
Wake up Harry Reid and the Democrats, It’s the Economy Stupid!
Anonymous 07.31.10 at 11:12 am
@dangerouslytalented Shirley may have been asked to resign by Vilsack, but his orders came from Pennsylvania Ave. You already knew that, so why give this BS about the USDA firing Sherrod! Yes, the little Wall Street whore lives on Pennsylvania Ave.
Anonymous 07.31.10 at 11:12 am
i live here and people are really having horrible lives right now!! it feels like people have forgotten about us!! thanks for the vid tyt!!
Anonymous 07.31.10 at 11:12 am
@sgtsysop “Vegas will just turn into a giant whore-house.”
Probably not. My guess is that there won’t be enough high-end customers to support all of the Strip’s luxury hotels, so some of those hotels will fail and be sold for pennies on the dollar. The new owners will revert to the original Las Vegas business model of free or cheap rooms, food, drinks, and entertainment, then make it up in the casino. That business model built Las Vegas, so It can also save Las Vegas.
Anonymous 07.31.10 at 11:12 am
Vegas will just turn into a giant whore-house.
Anonymous 07.31.10 at 11:12 am
@7MMXX You can vacation in Las Vegas for less than any other destination on earth. You can stay at world famous hotels for $25/night and get 2for1 meals at elegant restaurants & buffets for under $5/person. You can even take a city bus from the airport directly to a lot of resort hotels. You need to get away from the Strip, get your hands on some premium coupon books, and do your homework. Las Vegas is a terrific destination for any budget.
Anonymous 07.31.10 at 11:12 am
@NuPappa
Under distress.
Anonymous 07.31.10 at 11:12 am
@NuPappa the Illuminati turned it over. HMMMMMMMMMMMMMMMMMMM!
Anonymous 07.31.10 at 11:12 am
@jedirifleman
Lol you aren’t an independent…you just say that as if it gives you more credibilty. Nope you sound the typical conservative moron alright.
“liberal debate tactice exposed ”
Tactice eh?Yea I bet you have it all figured out lmao.
Anonymous 07.31.10 at 11:12 am
The only houses that are being sold are the smaller cheaper ones that the people that are walking away from their big mortgages are buying
Anonymous 07.31.10 at 11:12 am
In a way this could be good news maybe if powerful lobbies force the bankers to invest in other industries besides the stock market we could see some financial reform.
Anonymous 07.31.10 at 11:12 am
vegas is only great for a low percentage of the population
Anonymous 07.31.10 at 11:12 am
If you’re going to Las Vegas for the first time, expect to be let down
It’s a great place to be if you’re a millionaire, if you’re not, it sucks