Morning Quiz–What percentage of Las Vegas Homes are under water on the mortgage?

You need to guess before you look.

Posted in * Economics, Politics, City Government, Economy, Housing/Real Estate Market, Politics in General

7 comments on “Morning Quiz–What percentage of Las Vegas Homes are under water on the mortgage?

  1. robroy says:

    I was so far off (underestimating the real percentage) that I am embarrassed to say what my guess was. That might help others.

  2. Jeremy Bonner says:

    Well I got it right, but that’s a far from happy discovery. Nevada seems to be going from desert outback to economic metropolis back to desert outback in a couple of generations (though I suppose Boulder Dam provides something of a cushion – it was there before gambling really took off).

  3. KevinBabb says:

    Good heavens. I guessed 25%. If the “strategic default” concept (current lingo for welching on a debt) were to catch on in LV, the place would empty out…they might be left with the same population they had in the “old days”–1995, for example.

  4. Fr. Dale says:

    I guessed 70% as was disappointed that I was too low. Maybe this is a cautionary tale about a one economy town. It’s kind of like a town version of Michigan.

  5. Capt. Father Warren says:

    But they put Harry Reid back in the senate so maybe it is not bad enough for them yet.

  6. Northwest Bob says:

    Holy cow! NW Bob guessed 10%. I have got to stop wearing these rose colored glasses.

    IHSV,
    NW Bob

  7. apple123456 says:

    though I suppose Boulder Dam provides something of a cushion – it was there before gambling really took off).
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