As impressive as job growth is in Las Vegas, though, people are losing their homes at a rapid rate. Nevada recently reported one foreclosure filing for every 152 households, the highest rate in the nation for the 11th straight month.
It reminds Polk of the economic decline in Flint, although she knows Southern Nevada's gaming industry isn't going anywhere.
"It doesn't seem right to live in a city where your main industry is setting record profits and so many people are losing homes," she says.
"I hate to see so many vacant homes. I know those people who lost those homes are hurting."
Monday, January 21, 2008
Viva Las Vegas
The Las Vegas Review Journal has an article on the mortgage foreclosure crisis that features Flint expatriate Pat Polk, who has discovered, once again, that a successful local industry doesn't ensure prosperity for all: