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Old Posted Dec 15, 2010, 2:56 PM
NYC Rick NYC Rick is offline
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Join Date: Jun 2007
Location: New York City
Posts: 387
Vegas is going to be paying for their obviously over bloated potential...

Quote:
Originally Posted by Orlando View Post
I kind of think that Vegas's boom was like a mini version of Dubai's boom where both built an absolute absurd amount of condos and buildings, and the growth was completely unsustainable.
You are in a desert with limited resources. You are relying on an never ending supply of people who you would hope had deep pockets.

You get caught in an unbelievable economic turn and you know that it will take years and years to get back, even remotely, to where you were.

LV is going to be hurting at one level or another for a good long time.

It could not happen to a trashier city.
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