Las Vegas is a city for gamblers, and it seems many young Americans are willing to gamble on foreclosures in the Sin City to grab homes at affordable prices.

But there’s a big challenge in their way, says Nick Timiraos with the Wall Street Journal.

New foreclosure laws and penalties now make it difficult to move vacant and distressed properties in Vegas.

Investors and homebuyers shop the market aggressively only to find they are unable to acquire vacant, distressed properties.