[Spraynard Kruger]

Originally Posted by Golfinnova

Not trying to get this off track, but Congress put the guns to the heads of the banks to get people into homes when it was clear that they weren't in a position to do so, loosening up the rules with no-down payment along with no-doc loans was a perfect storm especially here in Vegas with tons of people buying homes for investments.

Now getting back on topic, I realize that there are people who are in dire straits financially; however, I chose not to participate in the recession. Which is the theme of Rich's post, Vegas has tons of opportunity and with a little work, if you take care of business with an old school Vegas attitude then success will quickly follow.

Someone here is a DR fan! Nice quote, Golf.

to the other posters...

Vegas is hurting. People want to see their glass a little full. Let them! It's okay to take a break from the realities.

There are several levels of basic needs. If you don't have air, you can't breathe and that takes over everything else. Right now, so many people in Vegas don't have an income and that is frightening like gasping for air, but it's a sad day when you let your own encouragement rely strictly on how encouraged other people are.

Try not to let anyone break your spirit. A message board is probably not a great place to go to find someone to agree with you and recharge your batteries. They are confrontational by nature.

[Joe3788]

Originally Posted by KidsinVegas

Economic Reality and what you want to happen are not on the same page.

Sure there will be people that will succeed in down times.

But the reality is that for the masses there is simply too much debt to spur the quality of living of yesterday.

And while we like to Blame Banks... the real problem is the Fractional Reserve Banking system that allows banks to create money out of nothing. Our way of life is tied to Banks and Banks set the rules based on what they are told they can and can not do.

Debt is not Capital. And you can not spend your way out of anything.

And Government only tracks unemployed who qualify for Benefits.

So the glass is half full or half empty. You view it as you like. But the reality is half is still half.

Mega Bank, Community Bank, Credit Union... they all operate on the same Fractional Banking principals which create a society enslaved to debt. Wrap it anyway you like.

I see someone has been watching "money as debt" on google .....Good job! Educate!