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'Less Vegas'
Old 08-13-2009, 06:22 PM   #1
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'Less Vegas'

A summary of the real estate scene in Vegas. Glad these people aren't my neighbors, yikes!

The Recession Hits Las Vegas - TIME
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Old 08-13-2009, 06:46 PM   #2
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Something caught my eye at the end of the article. A reference to an online course source...StripandGrowRich.com
And of course I checked it out...

An excerpt "my regulars bring me...money...see them...1.5 to 2 hours each a shift, often fully clothed and having a nice dinner. I travel, I have a great big house with a wonderful pool and waterfall, a sporty convertible, financial freedom, several businesses that I’m passionate about (including THIS ONE!)…and most of all, I OWN my time and my schedule"

All I'm missing is the pool with waterfall and the businesses.

My next career !!!! And a great inflation hedge!!!
I'll continue the transition from Engineer to Suzy Homemaker to _________.
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Old 08-13-2009, 06:48 PM   #3
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And the worst line for me was "they even left their dogs behind..."
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Old 08-13-2009, 07:25 PM   #4
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Lots of "foreclosured" dogs at our local shelter as well. Two border collies were among the ones last month, fortunately found new homes before I had to pull them. My latest foster was an involuntary owner surrender, too, when the owner got taken to jail.
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Old 08-13-2009, 07:49 PM   #5
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Ok I was interested in Stripandgrowrich.com also, my friends wife is a dancer, I'll have to tell her about it.

However, what really got my eye and raised my blood pressure, is what type of crazy banks are still lending to people who have a current mortgage. Presumably most people had to stretch to afford a place in Vegas a few years ago. If somebody was already paying $3-4,000 a month for a mortgage. How much more debt can they afford to take on, given the bad employment picture in Vegas?
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Old 08-13-2009, 08:07 PM   #6
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I found that odd as well Clifp. Are they not underwriting? I am not even sure that I believe it.
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Old 08-13-2009, 08:19 PM   #7
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They sell t-shirts at that site for strippers. Not too early to think about a special something for that special someone in your life.
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Old 08-13-2009, 09:33 PM   #8
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There is a Youtube video (Current TV - Gore's thing) covering the Vegas collapse and one of the segments was about a loan officer, IIRC, that turned to stripping after the real estate collapse.

Maybe that site is her way of creative destruction

BTW - how would she explain that gap on her resume if she returned to banking
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Old 08-14-2009, 12:00 AM   #9
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Quote:
Originally Posted by wildcat View Post
BTW - how would she explain that gap on her resume if she returned to banking
"Non-profit volunteer: pole-ing polling, fundraising, and financial management"
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