Cheap Las Vegas homes attract foreign investors

by Jude Joffe-Block, Fronteras Desk | The Madeleine Brand Show

28788 full — File photo: Prospective buyers look at a bank-owned house during bus tour of foreclosed homes March 21, 2009 in Las Vegas, Nevada. Ethan Miller/Getty Images

In October, half of the home buyers in Las Vegas paid in cash. For the most part, these are investors buying up properties. Las Vegas homes are getting attention from buyers all over the world. Prices have dropped to 1990s levels, and many homes in the area are selling for below the cost to build. Fronteras Desk’s Jude Joffe-Block reports.

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The Madeleine Brand Show, exclusively on 89.3 KPCC, 89.1 KUOR and 90.3 KVLA, captures the spirit of the West in a conversational, informal, witty style and examines the cultural issues people are buzzing about. Hosted by Madeleine Brand, and produced by Kristen Muller, Steve Proffitt and Sanden Totten, the show includes regular segments like Weird L.A. - highlighting a person, place or thing that you've never heard about, but probably should; Parenting on the Edge - a weekly discussion on the challenges and pitfalls of raising kids; as well as regular contributors like Luke Burbank, Rico Gagliano, Brendan Newnam and John Moe to help dissect culture, technology and business news.