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2/21/2009
As of this date, housing in Las Vegas has fallen in value 50% - people are upside down in home equity. Foreclosure and vacancy rates are very high. The job market is bleak and unemployement one of the highest in the nation. Cost of living has not adjusted for the downturn in US economy. The city is suffering from a decrease in visitors who spend money to boost the economy. Nevada is facing severe budget shortfall. There are a multitude of economic problems facing this city. It seems violence is growing.
Carol | Spring Valley, NV