Tag Archives: housing

Men’s Journal Names Las Vegas on “Best Places to Live” List

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.

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Las Vegas is Epicenter for National Economic News

A new Time Magazine cover story is out that depicts Las Vegas as going from being the epicenter of extravagant consumption to now being in the deepest crater of the recession. 

Meanwhile, a report issued last week by Deutsche Bank said 81 percent of Las Vegas homes were underwater at the end of the first quarter — the fourth largest number in the nation. The report said that number would rise to 90 percent by 2011’s first quarter. 

Such nationwide and worldwide press on Las Vegas hasn’t been seen since the economic boom of 2004 and 2005.

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