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Vegas condos now selling for $50K

I’ve been sounding the alarm about the Vegas market for awhile now, using Detroit as an example of what can happen to a single industry town.  Vegas is, IMHO, particularily susceptible because the Reid-Goodman-Goodman triad is doing nothing to help the city, much less the state.  The market is almost assuredly going to continue to decline, despite Mr. Nason’s assurance of it being nearly a “sure bet” market.  

UPDATE: corrected spelling error

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