Las Vegas real estate collapse #29. Dead palm trees in the desert.
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Uploader Comments (EconCat88)
All Comments (23)
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Uprated and shared. Greetings from France via the USA. It is sad cuz this seems rather pretty, but what a waste. Should have been left unspoiled, probably. Definitely.
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BOBD = Bank Owned By Design. America has been Bobed.
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You mean China owned dont you?
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I live in Las Vegas and not everything is like this, i was just in LA last week and it was the same there.
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@EconCat88 - Yep, agree with you totally. If at all.
The economy will not pick up soon. Sorry to say.
If a family has an income of $17,000 a year, but spends $30,000 and it owes the bank 145,000. How many years would it take for the family to pay back the loans to the bank? (Just multiply 145,000 by 10,000,000 - you get the picture.)
I guess the family has to pay down at least 90% of the debt or cut its spending by half, before it can spend again.
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@EconCat88 - Yep, agree with you totally. If at all.
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the cat gets around.
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WOw.. Those places looked new. Did they ever open for business?
5:09
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Deserves a pop can!!!
Anothercoilgun 5 months ago
@Anothercoilgun
@4:45 I couldn't resist and I didn't have any banana peel to toss.
EconCat88 2 months ago
Yap, I think 50 years for all this mess to recover is a more reasonable estimate than 20.
EconCat88 6 months ago
@ 1:53 I walked right past a folded over dead palm tree to my left and didn't even notice it at the time. LOL
EconCat88 6 months ago