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Obama Speaks Before Signing Spending Bill

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gmsc2/17/2009 1:59:10 pm PST

re: #655 acwgusa

I hear Las Vegas and Detroit are now the two most abandoned cities in the U.S.

re: #741 gregg

The difference is the abandoned homes in Vegas you could actually live in, where the abandoned homes in Detroit are burnt out shells or have deteriorated to the point where you can’t live in ‘em (or you’d get shot dead if you did).

Another difference is that Las Vegas has gone from vibrant to less vibrant. Detroit has gone from stagnant to nearly barren. The amount of drop may be the same, but the scale is different.

Before all this, was the fastest-growing housing market in the US. Home prices have to come down now, and tourism is dropping, so casinos are cutting staff, but it’s not like Vegas is turning into a ghost town.

Also, people who do visit Vegas now are getting better deals, more comps, and so on, as the casinos try to woo customers back.