Monday, December 29, 2008

Vegas was supposed to be a sure bet. NOOOOT!

One of my buddies (the same one a few blog posts ago that claimed to have been calling the housing bubble 'forever' although I remember him saying very much the opposite before this all became mainstream), stated to me last year that Vegas was a for sure thing. One of *HIS* friends was supposed to buy one of those Vegas condos with his mom and for whatever reason it never happened. So a year ago, I reminded my buddy about how that was a fortunate thing (albeit unintentional) that it didn't work out but my buddy refuted "Are you kidding?! Vegas isn't affected by any housing slow downs!". Oh really?

http://www.time.com/time/business/article/0,8599,1868932,00.html?cnn=yes

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