HENDERSON, Nev. (AP) — Sometimes all President Barack Obama has to do is look out the window to get a firsthand look at the country's economic woes.

This week in this town, the presidential motorcade speeds past opulent homes lining manmade Lake Las Vegas as he heads to the sprawling luxury development where he's preparing for the upcoming debates with Mitt Romney. But many houses here are empty, victims of Nevada's foreclosure crisis, and others are worth far less than their purchase price.

Farther down the road, a golf course is abandoned — one of two shuttered in the neighborhood. A sparkling shopping center off the main drag has no shops to fill its storefronts.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.