Black Mountain Institute; UNLV College of Urban Affairs
Allan Mallach and Mark Stark reveal the results of careful study of the Las Vegas housing market. The predicted "ghost towns" of master planned communities have not materialized in the wake of the housing crisis. Most home buying is taking place in the edges of the Las Vegas Valley, while investors are snapping up properties in the core. As more and more homes in the downtown area are owned by absentee landlords, the spectre of urban decay looms. The key to stopping this is for landlords to make long-term investment in their properties, and for the city and the county to step up code enforcement to keep these neighborhoods viable.
House buying; Housing; Inner cities; Neighborhoods; Nevada – Las Vegas; Real property
Demography, Population, and Ecology | Growth and Development | Infrastructure | Public Policy | Real Estate | Urban Studies and Planning
Nexus 8: The Las Vegas housing market.
Available at: http://digitalscholarship.unlv.edu/blackmountain_lectures_events/86