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If You're That Rich, You Can Live Where Summers Aren't 115 Degrees
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The housing crisis is acute in a category that won't get much sympathy: Las Vegas mega-mansions. They're short-selling or being foreclosed upon, and prices are continuing to plummet. Overdeveloped, no buyers, and a local economy that's seemingly unable to find the bottom... yeah, you're not buying there, and neither are most other people. (Bloomberg)
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