Vegas Economy

Random Vegas Facts, Monte Carlo Edition

Posted by on January 29, 2008 at 12:21 pm

Last week, there was a fire at the Monte Carlo Hotel and Casino.  Needless to say, everyone is thankful there were no deaths, unlike 1980′s MGM fire.  Check out this impressive picture from the Review-Journal.  Truly, we have a great fire department here in the Valley, and I would like to thank them for a [...]

It’s time

Posted by on January 12, 2008 at 4:48 pm

It is true that Vegas housing prices have been dropping. It is also true that this drop has been accelerating over the last 4 months, and is even quite evident at the lower end of the market. As a case in point, here’s the latest Average Joe Median Price Index. One thing that is not [...]

Odds and Ends

Posted by on January 2, 2008 at 9:48 am

Happy New Year, folks!  Here’s some little tidbits for you: First we have the story of how a bank became the victim of a huge mortgage fraud scam (which may also have artificially inflated California real estate prices). Details are surfacing that some sub-prime lenders were actively working to circumvent state-level regulations that would have [...]