Las Vegas now has a spot in Men’s Journal’s “Best Places to Live 2010” list, but, sadly, there’s a pock mark on the distinction: The honor is largely attributed to the foreclosure crisis that has cost thousands of people their homes.
“Buy Someone Else’s Dream House,” the headline proclaims before giving a brief description of the city’s housing woes.
“The good news?” the magazine reads, “You can get a recently built house in a great area with mountain biking, climbing and a bit of nightlife nearby, for $100 per square foot.”
It’s true, record foreclosures — Nevada led the nation in March and was high on the foreclosure list for many months — have created a small housing boom, as thousands are taking advantage of low prices and the soon-to-expire federal tax credit.