I am from California. I am planning to do an addiiton to my house. The cost will be over 200k. I said to my contractor, "Maybe I should just go buy a house in Vegas instead for the same money".

The whole unlawful internet gaming law is joke, even forgetting about the sneaky way it was made into a law.

People who want to play online poker will do so regardless of the law. It just makes it less convenient.

If our legislators had any brains, they would legalize it, regulate it, and tax it. Oh that's right, they're politicians.

I love people who blame the banks, brokers, etc for their problems. Sure there was mis-guidance, if not out outright fraud.

At the end of the day though....

YOU borrowed the mony

YOU should have understood the terms, and if not, hired someone who did to explain them to you

YOU should take accountability for your debts and not expect the government (read taxpayers lime me) to bail you out.

I think everyone in Vegas has been brainwashed to believe uncontrolled growth is the norm and will continue forever.

Does anyone really believe it is viable to keep adding thousands of hotel rooms each year? Or to keep building massive sub-divisions far into the desert?

We have seen it time and time again that things cant grow at high rates forever. Look at the dot coms, look at housing prices, ....

Vegas recent growth was built on cheap energy and an artificially booming economy (due to housing speculation) - those days are over.

Is anyone surprised by this high rate of foreclosures?

If you allow people to buy homes with no money down, no documented income, neg am loans, and inflated appraisals - what do expect to happen?