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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Thursday, January 15, 2009

Redneck Romance on Craigslist

A friend of mine posted about a twit about this post on Craigslist. I'm sure the post won't be up for too long, but you just have to read it. It was titled: "To the woman who crapped her pants in my car". I wonder if she was the one on Flava of Love....

Here is an excerpt:

At some point in life, everyone has gambled on a fart and lost. It just happened to be on a first date in the passenger seat of my car

Double click the link to read it (link opens up a screenshot I took).

image link

Other related posts:Redneck Spaceship House


Monday, January 12, 2009

Foreign Investment in Las Vegas

It seems that America is a giant yard sale for foreign investment. The flood started with our good neighbors to the north, buying up vacation and second homes in depressed markets like Scottsdale and Las Vegas. European also jumped on the bandwagon with similar purchases. Dubai had already started years ago, purchasing an interest in the massive MGM CityCenter project (which recently scaled back of its condos in the Harmon building) and the list continues. Of course, these investors are bringing some much needed capital to our economy so we shouldn't be too upset, should we?

I think we should be a little wary. After all, there is no such thing as a free ride. Then again, America businesses track record of late leaves a lot to be desired.

Another group of casinos may be bought up by overseas investors. This time its the Cannery Casino Resorts. The Cannery has two locations, a brand new casino resort on Boulder Highway on the site of the former Nevada Palace and another on Craig Road. Last week the state Gaming Control Board okayed the $1.8 billion acquisition of Cannery Casino Resorts by Crown Ltd, based in Melbourne, Australia. Of course, the deal still has to be approved by the state Gaming Commission but usually its just a formality.


Wednesday, January 07, 2009

Consumer Electronics Show

It's early January and that means that the giant Consumer Electronics Shows is back in town. Years ago I used to faithfully attend CES and the now defunct COMDEX. CES usually brings over 100,000 visitors to the Las Vegas valley. CES runs from Thurday through the weekend and will showcase the latest electronic gadgets and doodads.

Thankfully a massive influx of visitors is a welcome jolt to the local economy, especially the strip section. Tourism is down again last year and unemployment is at a historic high. On the plus side however, Encore opened and provided several thousand jobs, according to the latest study, the Las Vegas homes market is as much as 14% undervalued and interest rates have never been lower in recent history. Financial guru are advocating investing in real estate again, especially in our market. As the housing market recovers, we'll see improvement in other areas as well.


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