The worst hit real estate market Y-Y, tying Miami at down 19% (case shiller index).
Then we look at traffic stats ßinteresting which carriers bring tourists to Vegas. I’d be amazed if traffic held up over the long-term with this economy doing as poorly as it is….
Trump not breaking ground on second tower…
Financing is hurting development of new towers – DUH! – One deal was 80% sold with 20% non-refundable deposits and still couldn’t get going…..