Being “ground zero” in the real estate crash, a new 7,000 residential development with a business park has been planned. In addition, this new development will take place near Red Rock Canyon – which is one of the only outdoor recreation areas near the Las Vegas metro area. The Climbing Narc blog states:

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“The data suggests home prices will continue to drift lower for a couple of years – maybe just go sideways for a decade.”

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The federal government is looking to rent foreclosed homes that are owned by Fannie Mae and Freddie Mac. This is completely absurd. The government, being poor allocators of capital [...]