Several Hotshots Supposedly Broke Or In Debt

[grdred944]

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Hasn't LV real estate tanked over the last 2 years?

[/ QUOTE ]Yeah but tanking if you are worth 8 figures still can't be too bad...

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it's not that hard to go from 8 figures to busto if you're highly leveraged like a lot of real estate investors are

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Correct. Las Vegas doesn't have the highest foreclosure rate in the U.S. because casino employees can't afford their townhouses. It is because most of the foreclosures are from investors having bought high in the last three years and finding they cannot sell high or rent high enough to keep up with their mortgage payments.