Saturday, May 15, 2010 | 3:09 p.m.
In a plastic tent under a glorious desert sky, Richard Lee preached the gospel of the second chance.
The chance to make money on the next housing boom “is like it’s never been,” Mr. Lee, a real estate promoter, assured a crowd of agents, investors and bankers. “We’re going to come back like you’ve never seen us before.”
Home prices in Las Vegas are down by 60 percent from 2006 in one of the steepest descents in modern times. Yet builders here are putting up 1,100 homes, and they are frantically buying lots for even more.
See the full story from the New York Times.
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