You don’t need a doctorate in quantum philosophy to understand how disastrous the housing foreclosure problem is in Las Vegas. All you have to do is drive around any residential neighborhood to see the signs that not only say “for sale” but the more ominous “bank owned” or “in foreclosure.”
Of course this is due to the fact that Nevada leads the nation in the percentage of home foreclosures. And, just as sadly for those among us who prefer to believe that Summerlin is immune to such disasters, take note that our community is equally susceptible to the dangers of this crisis. Foreclosure notices dot the Summerlin landscape to the same extent that they do anywhere else in Las Vegas.
