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tonight, las vegas natives introduce us to a side of sin city that few gets to see. come out, come on. someone s in there. and it s shocking. oh, my god. realtor scott bodery believes in vegas. vegas is like the phoenix. vegas will always survive. ....
Police! it s nearly midnight on a saturday. you re unlawfully occupying this residence. police have responded to a report of squatters in an apartment complex. answer the door! earlier, scott and i watched men come and go from the upper units. it seemed like possible drug deals were taking place here. now four hours later, the cops are finally clearing the property. answer the door. come out, come out, come out! someone s in there. hands up. oh, my god. there s a kid. two kids. a woman and two young children emerge from the apartment. ....
It s always been a mecca for individuals to make a new beginning. scott grew up here and has seen the city s population explode. as a vegas native, you ve see it through big ups and downs, huh? plenty. i remember driving through las vegas. even as a young boy, there was next to nothing out there. desert on either side of the road. now it s house after house after house. americans keep snapping up real estate at a record pace. fortune magazine is calling it the real estate gold rush. vegas went through what much of the country did in the early 2000s. the housing boom. you could buy a house for 130, and by the time you closed, it could have been worth 200 or more. you make pretty good money during that time? we all did. then it all went bust. the bank-owned signs are all ....
Over town. look at the valley behind me. it is ground zero for the real estate crisis. a year later, foreclosure rates are off the charts, and nearly 14,000 houses are vacant. and scott s properties have become prime real estate for more than just buyers. illegal occupants called squatters have infiltrated nearly every neighborhood in las vegas. how big of a problem are squatters for you? huge. in the last few months, i have had to deal with squatters on a weekly basis. have you ever felt threatened? you could be showing a property, looks great from the outside. shows vacant in our multiple listing service and you walk in and there s somebody in the property. it happens all the time. scott is taking me to one of the properties he represents. a multiunit apartment that s been vacant for two years. it s boarded up, but illegal occupants have come and gone and trashed the place. ....
After seeing men going in and out of that place, i was not expecting to see the cops bring out two little kids. i was not expecting that. the cops escort the family to the squad car to continue their interview. so those kids were living in there, no electricity. was there running water in there? not that i know of. absolute cesspool. so the mother and two kids were just put in the squad car. none of them had any shoes on. after the family has been removed, scott and i are cleared to check out the apartment for ourselves. so there s no furniture in here. no electricity, obviously. ....