In the short term Gov’t Sachs is looking to satisfy its debt to society, but in the long run they think they can make some money at this.
All in Las Vegas Market
Buyers Buy, When Lenders Lend
So why the rosy scenario? Americans figure the coast is clear, their jobs are safe, America is gonna be great again.
Las Vegas: Too Many Dealers, Too Much Bad Credit, Just the Right Number of Lawyers
Boohoohoo, we’re lightly burdened with Legislators at 11 percent, Urban regional planners at 42 percent, and Social scientists at 45 percent.
Turning Japanese, Again
Sumitomo Forestry wants more land to become "a leading homebuilder in the United States," with the goal of building 5,000 homes
Sin City's other Main Industry: Land!
The Las Vegas land numbers (price and volume) pale compared to the boom years of the post 9/11 Fed induced bubble. However, interest rates are still low, and as Clark County Commissioner Tom Collins once said, "God ain't makin' no more dirt, but he is still makin' babies. Stay tuned.
We're Here for the Party, Not to Gamble
Las Vegas has turned into a big party with more low-rollers thinking its BYOB. They don't have the money to gamble, so they club it a bit, then trash their cheap hotel room for kicks.
Most home sales in Las Vegas are made during the warm month window (March to October) making this February sales spurt unusual.
The New Nevada: Taxpayer Bucks for Billionaires
There was a time Nevada was thought to be libertarian, with no income taxes, bars that never close, and good gamble always available. The government was relatively small and the government handouts for business few. When the recently passed Perry Thomas began making bank loans to gambling halls, replacing union slush funds and mob money, legitimate capital sources couldn’t wait to throw money at Sin City and the Silver State.
But the Silver State is not what it used to be. Its freedom ranking has fallen from 5th to 11th. With a ranking of 33rd, the state is among the worst run in the country and its lawmakers cannot help saying ‘yes’ to billionaires, smooth-talking or otherwise, seeking taxpayer largesse.