Saturday, March 24, 2007

The Greater Fool's Club

There's a lot of stupidity in the Las Vegas Housing market, as evidenced here, here and here. People who bought houses at the peak of the market are generally referred to as "Greater Fools".

Well, it looks like they've gotten together.


AnalysisGuy said...

Here's a great link for Las Vegas housing data and forecasts

Lavi D. said...

Cool! Thanks.

Anonymous said...

What if "GF" stands for "Girl Friend." These two cars might have been purchased by their respective Sugar Daddies?
I have a SD decal on my car...

VegasRex said...

There are some forcasts the are predicting a 30-40% price decline in Las Vegas before all is said and done.

While forecasts are just wild guesses, I have no idea if it is true.

But the Parasite Motherfucker Speculators would deserve it.

Outsiders with no intention of living here coming in, buying up every cluster-home in sight, and driving up home prices so that the average Las Vegas resident could no longer afford to buy a home.

It's hard to find a less sympathetic group of people.

Pigs get fat, hogs get slaughtered.

Any investor who didn't see this coming and didn't sell in 2005 is nuttier than a squirrels turd.

Every now and then when your life gets complicated and the weasels start closing in, the only cure is to load up on heinous chemicals and then drive like a bastard from Hollywood to Las Vegas ... with the music at top volume and at least a pint of ether.

-Hunter S. Thompson

Dedicated to the other side of Las Vegas, namely; the sprawling, mad, incoherent underpinnings of the world's favorite destination.

That, and the occasional ranting about nothing in particular.