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2012-04-09 — iaconoresearch.com

We begin this look back at the Las Vegas housing bubble and bust with an item that originally appeared back on August 15th, 2005, that is, the year after Vegas home prices rose by about 50 percent in 2004 and the biggest trouble homeowners had was trying to figure out how they were going to spend all their home equity. Home prices rose another 10 percent in 2005, but it was all downhill after that, highlighted by a whopping 33 percent drop in 2008, and the observations below capture some of the sentiment before the fall.

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