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American Housing Casino Revives After Big Drop
Renee and Dwaine McCuistion, who lost their Las Vegas home after defaulting in 2010, are feeling lucky again. They bought another property last month for $475,000, 42 percent less than what the previous owner paid. “It’s like we won the lottery,” said Renee, sitting on the patio of the four-bedroom house at Red Rock Country Club beside Dwaine, her police officer husband. “With everything so low, we felt it was imperative to start building equity again.” Las Vegas (SPCSLV), the center of the U.S. housing speculation and collapse that sparked a global financial meltdown, is again enticing buyers after a 62 ... (full story)
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