Las Vegas real estate crash and economic collapse #57. Repeat after me...there isn't any recovery!

Lake Las Vegas has been a major disappointment for developers.

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[1012egg]

Love your report, but please buy a Steadycam :)



[EconCat88]

@1012egg

y'all just gonna have to deal with the jiggle cam. LOL

[ExtremeCrewForever]

Is it really as bad as it look. I don't know how ppl r living now cuz nobody talks about the economy these days. Maybe everybody still living good.

[SusieAspen]

wikipedia says it was built by Alaskan Indians and that the lake and dam pipes require maintenance every 10 years. What happens if there is no money to do the maintenance?

[KamikazeKoscki]

Realestate in Las Vegas for are losing $27,000 a year in value, do to unemployment. No one has any money, no banks are loaning anyone money unless they're real stable. Another Great Depression is on the way they say, worse than 1929 depression which was all designed by the evil elites. Bank Holiday will becoming, that's where they steal all your money out of your bank account. One world currency is coming. Digital Gold maybe coming. The IMF and FED, house of Rothschild evil empire. WW3 coming

[leggo65]

It will look like Rhyolite in about 25 years.

They'll be selling coffee mugs and bumper stickers.

[chuc555]

Classy place , not too crowded, a good place for a honeymoon or something.you can have almost the whole place to yourself.

[brzgixxer]

maybe zombies will walk around in a near future...

[jvolstad]

I'm amazed they can keep the landscaping looking so green. Lots of wasted water I'll bet.

[samirvasani]

Las Vegas is doing fine.

[Anothercoilgun]

Next time park 30 minutes, no one is going to care. I bet they all come out of the wood works like roaches scatter when the lights come one. "We got a potential CUTOMER!!" they scream like a frenzy of rats.

[grippygrip]

@MNCyn Whats the point of your comment? First of all - isn't a business suppose to operate during the week or is the resort/casino only opens for business Friday through Sunday? Everyone here knows about the economic pain NV has gone through but perhaps it's not over. I wouldn't boast about a casino/resort closing then reopening under new management--if the economy was booming even an ill managed business would be profitable and thriving. Let's see your video of the place during the weekend.