Sunday, October 21, 2007

excuse.my.post.this.week.my.space.bar.is.broken.and.i.cant.go.anywhere.else.so.please.bare.with.me.
In.sticking.with.what.we.have.been.talking.about.in.class.Las.Vegas.is.using."short.sales,"as.alternatives.to.foreclosures.Because.millions.of.adjustable.rate.mortgages.
will.reset.over.the.next.18.months.Short.sales.allow.a.home.to.be.sold.for.less.than.what.is.owed.rather.than.having.the.home.foreclosed.on.In.Vegas,there.are.3,350.homes.listed
as.short.sales.This.number.has.more-than-doubled.in.the.last..4..months...Banks.are.excepting.these.losses.because.they.say.it.is.better.than.paying.attorney.fees.loss.of.prolonged.vacancy.and.marketing.costs.so.its.not.a.bail.out.for.home.owners.but.it.is.a.result.of
having.no.affordable.housing.for.middle.class.people.
In.other.news.Police.in.Las.Vegas.have.formed.a.new.task.force.to.help.solve.gang-related-murders.in.the.poorer.areas.of.Las.vegas.It.is.especially.concerned.with.developing.trusting.relationships.with.neighborhood.residents.in.order.to.deter.crimes.against.witnesses...A.new.trend.of.anti-snitch.tactics.are.being.deployed.by.gang.members.in.order.to.intimidate.and.even.physically.harm.witnesses.
I.find.this,interesting.because.the.rich.prominent.neighborhoods.don't.have.task.forces.to.help.protect.witnesses.because.witnesses.ususally.arent.intimidated.by.thier.neighbors.in.these.neighborhoods.
another.positive.to.having.enough.money.to.live.in.a.high.priced.neighborhood.

2 comments:

Anonymous said...

Wow this is interesting about the housing and surprising because one would think that Las Vegas is geared more toward tourists and more wealthy people coming to the city but how do they not have affordable housing. The banks are taking the loss and still nothing is being done about the problem i guess it is good that at least those people whose house were going to be forclosed got a break and were able to keep their houses. Middle class is the biggest group of people but it seems as if nothing is geared toward the middle class and that seems a bit ironic.

Julie Steinkopf Rice said...

Nice work despite your funky spacebar problem. I was wondering what was going on with your posts!