User profile: gqbossing
Joined: Jan. 17, 2008
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When people are employed and taking weekend trips and vacations again Vegas will return to health. That's about 6 months after the employment rate returns to a normal number. IMO it will be 4th quarter 2010 at the current pace.
Sales is the one thing I tend to look at. The price can be changed from month to month depending on what hits the market. Sales are healthy and that's really the main thing. The residual benefits of sales are:
1. Moving companies
2. Realestate Companies commissions
3. Banks are lending/investors are spending money
4. Supporting businesses like box companies, tape companies, furniture/cleaning/carpeting/paint/flooring/pool/landscaping/etc will benefit from this.
The entire economic engine is really around sales...
It will get completed. Any building in LV which has been topped off and is 70% complete will open, it's just timing.
Don't fall into the "things will stay the same" mentality most people are. When it was good it will always be good, when it's bad it will always be bad...
Around the country things are picking up and IMO 6-12 months from now LV will see a lot of stability in tourism. The real issue is immigration into that city from other states and countries. The reason LV has such a high unemployment rate is the increase in people. There are about as many jobs today as there were in 2007, you just have 10% more people. LV needs a year or two of 0 population growth to catch up.
I couldn't have put it better myself
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If you can take the emotion out of it, Glenn Beck is right about 75% of the time...
The "public" (government) option is the wrong way to go, putting control over something like this in the hands of the government is only going to make things worse.
Legislation for incentives for companies to provide insurance is the real start. If you tacked on limits in tort lawsuits and had companies start wellness plans and charging people who go to the emergency room every time they have a cough $150-$200 a visit you'd have a pretty good model to go on.
The root cause isn't the lack of insurance for people or people going bankrupt when a tragedy happens, its all the idiotic ER visits, and the folks who eat buffets daily, smoke and do drugs; and stupid lawsuits which kill doctors with malpractice insurance.
Change the culture to wellness and quick care/family doctor and take away the easy payday for a class action lawsuit or the like and you have a winner...