Why SB10 Could've Crashed Nevada’s Housing Market

Why SB10 Could've Crashed Nevada’s Housing Market

When I looked closer, it became clear. SB10 was not about stopping corporations from buying homes. It set the stage for a billionaire buyout of Nevada housing. It does the opposite of what people were told.

If buyers cannot buy, sellers cannot sell. Demand disappears. Most families hold the bulk of their wealth in their home. When homes stop selling, values drop fast. This makes the last housing crash look small by comparison.

We already saw this movie. When mortgages exceed home values, people walk away. That leads to foreclosures. Under SB10, even foreclosures get messy. HOAs count as entities. Banks count as entities. Some credit unions received carve-outs. Banks might not have.

If entities cannot act, homes sit empty. Empty homes decay. Crime follows. Squatters move in. Property values across entire neighborhoods fall.

This is not theory. This is cause and effect. SB10 puts Nevada on a path toward frozen sales, vacant homes, and collapsing communities. That is why this bill scared me.