All tagged Las Vegas

Masking Las Vegas

The constant argument about Covid shutdowns, social distancing and other inconveniences is the government's ham-handed response is killing “the economy.” This brings to mind Margaret Thatcher’s famous quip, “There is no such thing as society,” which, although long since underground, she is still criticized for. “There are only the individuals, families, groups, associations and organizations that make it up,” writes economist William Watson to finish her thought. Likewise, he explains, “there is no such thing as ‘the economy’. There are only the people, groups, associations, etc. that make it up.”

Irrational Apartment Exuberance

Those “high rents” I referred to are now commonplace around the Las Vegas valley.  I toured a project recently, located far from the strip, but with all the bells-and-whistles the Lotus has, and the owner told me he is earning $1.80/sf a month.  He told me his project wasn’t for sale. We’ll see.