Las Vegas Sun

August 30, 2008

User profile: robert_lv

Joined: March 30, 2008

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Total Comments: 10 (view all)

"We are almost at the bottom." "The recovery is just around the corner." "Now is a great time to buy."

Where are the housing clowns Dennis Smith, Steven Bottfield and Patty Kelley? When will we stop subsidizing these incompetents? They should be run right out of town.

(Suggest removal) 8/18/08 at 9:08 a.m.

Yes, this is the same Bottfield who in 2006 mocked the thought of a Las Vegas housing bubble by blowing soap bubbles into the crowd and who predicted that Las Vegas real estate would continue to increase in value through 2007.

The real question is why would anyone listen to this clown."

(Suggest removal) 8/11/08 at 5:25 a.m.

Some of the commentators here don't get it either. The "gas price problem" cannot be "solved". Energy costs may fluctuate, but the long term trend is upward. It is simply going to cost more to travel. The BLM IS the federal government and they can't even sell their land at auction in the current environment. More land is always available via swap agreements as has historically been the case. Land prices may skyrocket, but only if the dollar is devalued by an even greater amount.

Even if things turn around tomorrow, Las Vegas will most probably NEVER experience the peak rate of growth it has in the past. It is like talking to an addict. Unless they acknowledge there is a problem, there is no hope of ever fixing it. Las Vegas must plan for sustained slower growth or have the slower growth forced upon it with negative consequences. Just ask Boyd Gaming (Echelon). Or Deutsche Bank (unfortunate owners of the Cosmopolitan).

(Suggest removal) 8/3/08 at 12:39 p.m.

Smith couldn't resist getting in the "never been a better time to buy" line. The reality is that Las Vegas has seen strong growth for so many years that many believe that it a fundamental law of nature that said growth will continue in a continual arc upwards.

Given the new levels of energy pricing, the scarcity of future water supplies, the impending nationwide recession and increased competition from upscale casinos overseas, it is no wonder that Las Vegas growth has finally hit a brick wall. I seriously question whether Las Vegas will EVER experience the heady explosion in the local economy that it has in years past. And the old "limited supply of land" argument has been so discredited that I am surprised that it is even proffered anymore. The BLM has lots of land for sale, unfortunately no one presently is willing to pay for it.

Given all the above, I must say that the so called "experts" are alot more realistic than they were a couple of years ago. Who can forget Steven Bottfield blowing soap bubbles at his audience and mocking the Las Vegas bubble?

(Suggest removal) 8/3/08 at 11:42 a.m.

"But no matter what, Perkins said, Morrison is a hero for saving another officer’s life."
What a complete and utter moron. Every single non-cop witness says that the woman was simply trying to stand up after being hit with a taser. Only the cops say she was trying to stab someone. Luke Morrison is a pussy who should never have been on the police dept. Chief Perkins is an even bigger pussy for calling him a hero. This is a disgrace and an insult to the real heros that risk life and limb to ptotect us.

(Suggest removal) 4/18/08 at 4:47 a.m.

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