Nevada is Broke and Going Bellyup

Quote from der_kommissar:

I get the feeling that alot of those properties will soon be converted into luxury meth labs, if they haven't been already.
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You really are ignorant.
 
CA and NV are finished. The porn industry in LA has been all but wiped out due to the depression, if you go to a certain bar in LV, they are all hanging arnd there hawking their wares for 300 bucks an hour
 
Quote from lasner:

That is happening in certain parts of the country.....housing will continue to fall substantially. We are really only beginning.

A friend of mine works at Bank of America. The CFO of Mastercard gave a presentation to them and told them that real estate will drop 40% off of the 2006 peak in every part of the country.

She said that California and Florida are gone. They may recover in 2030. The bottom of the depression will be in 2015.....that's when we finally hit bottom
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I'm in California where many people are waiting for the other shoe to drop. In our area, prices are down about 25% off the peak. I'm close to the ocean, so we haven't been hit quite as hard. Sales have picked up a little and real estate agents are starting to spin the story that prices have bottomed out. I don't believe it.

I'm old enough to remember the California real estate crash in the late 1980's. It came in two steps. A drop, leveling off, then a second drop. I think we're in for another rough ride to begin later this year. If you look at real estate in general and the fact that the California economy is circling the drain, I think a second severe price drop is inevitable.
 
Quote from tomdavis:

"... If you look at real estate in general and the fact that the California economy is circling the drain, I think a second severe price drop is inevitable.
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With the CA's spendthrift Progressives and Liberals... and their deficits.. hard to imagine it being otherwise..
 
I didn't know being the CFO of Mastercard gave you the ability to see into the future.

I suppose Chris Berman being an expert in sports gives him the innate ability to know the outcome of sporting events before they happen.
 
There is no way Nevada is actually bankrupt. That place is not run like your average state. It's an ATM for the politicians & businessmen. Nevada is only bankrupt when it comes to the rest of its residents.
 
I'm sure the Chinese will accept California and Nevada as partial payment on the interest we owe.

Coming soon to your new world map:

Chinafornia and Nevadaxi as the new 24th and 25th provinces of the Republic of China.

Featuring the newly refinanced and renamed:

ROC Vegas
ROC Angeles
San Diegodong
San Franciscowan

with new communist control of:
píng guǒ /fka Apple
tài yáng /fka Sun
and yes even:
gǔ gē /fka google.


Come visit and enjoy:
yìng yáo gǔn /fka Hard Rock

or our other tourist destinations:
dí shì ní lè yuán /fka Disney soon to be properly renamed to:
Mao Toy Land

All easterners must report for implant of owned by china tracking device. Resistance is futile you will be assimilated or destroyed.
 
Quote from PocketChange:

I'm sure the Chinese will accept California and Nevada as partial payment on the interest we owe.

Coming soon to your new world map:

Chinafornia and Nevadaxi as the new 24th and 25th provinces of the Republic of China.

Featuring the newly refinanced and renamed:

ROC Vegas
ROC Angeles
San Diegodong
San Franciscowan

with new communist control of:
píng guǒ /fka Apple
tài yáng /fka Sun
and yes even:
gǔ gē /fka google.


Come visit and enjoy:
yìng yáo gǔn /fka Hard Rock

or our other tourist destinations:
dí shì ní lè yuán /fka Disney soon to be properly renamed to:
Mao Toy Land

All easterners must report for implant of owned by china tracking device. Resistance is futile you will be assimilated or destroyed.
More...

LMAO :D All those new city names sound like chinese food
 
"CA and NV are finished. The porn industry in LA has been all but wiped out due to the depression, if you go to a certain bar in LV, they are all hanging arnd there hawking their wares for 300 bucks an hour"

Thats some funny shit.
 
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