BxCapricorn

Nevada: More Than Just Gambling?

We're also going to sport our fair share of bank defaults. Fortunately most of the "investors" that came over from California with their "winnings" from the gameshow that was California real estate, 2002-2006, also originated many of their carefully constructed loans in their home state. Unfortunately for Nevadans, those that speculated with our housing market (and certainly they were not all from California) entered and left the state like Visigoths (think Rome). Now we sit with thousands upon thousands of empty homes, largely uninhabitable, because plumbing, wiring, cabinetry, fixtures and carpets have been pulled out and taken. You really have to see these properties to believe it.