http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.htmlNEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.But the ongoing global financial crisis made it impossible for General Growth to restructure outside of bankruptcy and could signal further troubles for other financial institutions who are General Growth creditors.The collapse underscores the pressure on U.S. commercial real estate with few sources of available funding.Chicago-based General Growth, which owns such valuable properties as South Street Seaport in New York, Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, listed total assets of $29.56 billion and total debts of $27.29 billion.The collapse marks a sad chapter for a company that has been growing since 1954, when brothers Martin and Matthew Bucksbaum decided to expand their family's grocery business and build a shopping center in Cedar Rapids, Iowa.The company expanded steadily through both building and buying malls, the largest acquisition being the 2004 purchase of high-end mall owner Rouse Cos for $14.2 billion.

Jon - Our inventory is extremely low in Las Vegas right now. (2.5 mos inventory) I would say about 1 out of 10 buyers object to the EMD being non refundable for 90 days.

The beach is great but the negatives are tough to swallow.The alternative of course, is the desert areas, but as the article points out, most people would rather move to phoenix or vegas if you're going to do that.

There is a feeding frenzy, auction scenario in many areas like FL, Vegas, Phoenix and others.

But not recommended if you live hundreds of miles away.I'm looking at other operations in DFW, and Las Vegas and will see how it goes, and then invest more, or disinvest according to results.

As much fun as it would be to spend my time jet-setting around the globe and hang out at super luxiorous restorts and bet black chips ($100) in casinos, the amount of assets required to support that lifestyle is staggering.

Why did when the embassy was still burning did he go to Las Vegas, and not even bother to meet in person with the national security advisors to find out what had happened and why. why did he push the story of the tape causing the attacks when he knew it wasn't why they'd happened?

I'm also getting into the Las Vegas area and it seems to be hot there as well.

@Matt DevincenzoHe would be taxed on the rental income whether he bought a new car with it, went to Vegas and blew it, or paid down his mortgage balance.

In areas of CA where it is harder to build many new homes, those secondary areas are better insulated from a protracted decline during a market downturn, than say places like Vegas or Phoenix which have much more open land to build out.