Las Vegas is a city built on the dream of getting something for nothing. But not only the tourists seek Lady Luck.
The combination of buyer stupidity, population growth and loose lending certainly contributes to housing market volatility, but government planning deserves some of the blame as well.
There is no shortage of bad news about the Nevada housing market. Local and national business pages rarely give us even a day without a reminder that the housing boom has busted. According to the Mortgage Bankers Association, Nevada leads the nation in foreclosures per capita.
What a summer. No sooner did streets and sidewalks collapse in mid-town Manhattan, than another example of the country’s aging infrastructure plummeted into the mighty Mississippi River in Minnesota.
The 2007 Legislature is over and Nevada taxpayers escaped without further bludgeoning. But we can’t rest easy.
The same folks who have been pounding the table demanding Gov. Jim Gibbons fix the highway funding problem in (especially southern) Nevada are now calling his funding plan “dead on arrival,” “not based upon sound policy” and “phony.”
"Inflation Puts Up a Goose Egg” was the recent headline, middling page one, of the Las Vegas Review-Journal’s business section."
The Clark County School District chronically fails its mission because it is a government monopoly, protected from market forces.
University Chancellor and TV station mogul Jim Rogers believes the way to fix the Clark County School District is to hire a “superstar” as superintendent to turn the dysfunctional district around.
The number of taxpayers who will face the Alternative Minimum Tax by 2010 is projected to more than double.
Members of President Bush’s advisory panel on tax reform agree that the individual Alternative Minimum Tax (AMT) should be repealed. The panel’s chairman, former senator Connie Mack of Florida, cited the AMT’s “extremely negative effect” on middle-income taxpayers as the nine-member panel reached its first conclusion.
Since the announcement that the Las Vegas Sun newspaper will be delivered as an eight-page insert within the Las Vegas Review-Journal each morning, the broadsides between rival columnists have been fast and furious.