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Paulson buys 875 acres at Lake Las Vegas
(via Bloomberg) · August 8, 2012 · 1:14 PM
Discussion: 5 comments so far...
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thats strong!
Wow. Paulson is a big player. Good sign.
The housing recovery will recover in Nevada in 10-15 yrs . Anybody saying sooner doesn't know what he or she is talking about(foreclosures, short sales ) Over supply!!
I guess Mr Paulson didn't read the Sun's article today about Las Vegans and their mortgage issues. What's even more important is where will the additional water resources come from? Builders in the Las Vegas area don't seem to really care (or be aware of) the drought situation in the Midwest and how it may affect us (Las Vegas) in the coming years. Not just that, but also how Nevada still has the highest unemployment rate in the US.
I wonder who he thinks will purchase the homes he intends to have built out there, and how will they pay for them. Maybe he'll just be marketing to celebs.
Investing in the future....ok. Thank you, please pay your property taxes.