So Las Vegas is ground zero for the foreclosure crisis. No one booms or busts like Sin City. It makes sense though -- this town exists for the sole purpose of taking people's money, and that risk taking mentality has even affected the house.
Huge construction projects like the Fountainebleau are bankrupt, Huge corporations like MGM/Mirage, Harrah's, and Station Casinos have leveraged themselves into precarious positions.
If you're a redneck like me, you might bury your money around the trailer in tobacco tins like Randy Quaid in "Vegas Vacation" and walk into the casino with tall boys dangling from your belt loop, but sooner or later it is gonna occur to you that there may be money to be made in this downturn.
My economic prowess consists of "buy low, sell high" and real estate is dirt cheap right now.
Today I got this listing in my inbox entitled "Shenandoah" -- I immediately thought (just like Cousin Eddie) I could be living with Mr. Las Vegas himself, Wayne Newton!!!
The Waynester named his spread "Casa De Shenandoah" and if you are driving down Sunset which runs parallel to the main runway at McCarren airport you can't miss it. If you are flying Southwest Airlines and are arriving from the East, sitting on the left side of the plane look down when you are fixin' to land and you will have a great view of the grounds of Wayne's digs.
The "Shenandoah" pictured above is a four-plex repo built in 1963 in one of Las Vegas' seedier neighborhoods. Not exactly glamorous, but in can be had for $79,000 (which is probably what one of Wayne's gates cost) and affords you the opportunity to perhaps one day be a Slumlord Millionaire! Yep, you could build a empire of very low, low rent flophouses, and spend your days evicting crack whores, and fixing bad plumbing.
I realize it may not exactly be in your redneck nature to bully society's downtrodden into paying their rent, but heck, we can't let the towelheads have all the fun! We need to take back this country from enterprising immigrants, and do what Americans do best -- exploit each other! The massive, new, gleaming City Center on the strip may be owned by Dubai world but out in the real world near Fremont and 26th Ave. this little gem is waiting just for you. Any takers?
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