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Source link: http://archive.mises.org/12304/leaving-las-vegas/

Leaving Las Vegas

March 25, 2010 by

Back in the boom times 5,000 to 6,000 people per month were moving to Sin City. Most for the jobs, some for the weather, others for the lack of state income tax and to spend their golden years plugging their retirement savings into the gaming machines.

Now the weather is still good and the Silver State still lacks an income tax (but has plenty of others), but jobs are being shed and a new poll finds 40% of Las Vegas residents want to leave.

Standing in the way is a high unemployment rate nation-wide and reportedly 80% of homeowners in Vegas owe more on their homes than the homes are worth.

Clark County Commissioner Chris Giunchigliani says that local government blew it by not providing enough parks. “I know a lot of it is the economy. But this is when you want to have the amenities in place,” she said. “Shame on the county for not putting funding directly into … programs like parks.”

To hear Giunchigliani, you’d think that it is standing-room-only at what public parks there are in Las Vegas. But if you drive by any park (especially during the heat of the summer)–they are empty.


Sean A March 25, 2010 at 9:48 am

maybe she simply wants to accommodate for the imminent increase in homelessness in Sin City.

willakent March 25, 2010 at 10:02 am

Promote the black market at the expense of the Government interventionists:


Taylor March 25, 2010 at 12:30 pm

Maybe the gangsters are just running out of places to hide the bodies? Even an endless desert has its limits…

Havvy March 25, 2010 at 5:17 pm

Sounds to me like Sim City 4000. (Parks influence richer people to live in your residential zones)

HL March 25, 2010 at 8:50 pm

I spent an hour chatting with two former developers today. Both were genuinely worried that Vegas might become another Detroit. There are shootings and murder almost daily. The commercial foreclosure rate is through the roof. It’s a recession but good luck finding an employee who can form a proper sentence, let alone perform simple math. What if math and verbal skills don’t matter as long as the employee is enthusiastic and shows up every day? Well, sorry, you are still out of luck, chump. There are maybe two neighborhoods and three country clubs any decent human being would want to live in. It’s parental malpractice to send your kid to public school. I recently heard a school nurse complain about the number of on-campus rapes — she keeps running out of rape kits. Damn administrators need to stop ordering all those text books no one reads anyway and instead order more rape kits. And condoms, of course.

Oh, how sad I am to say that Vegas might be ending. I hope I am wrong. I am not one of the 40% who want to leave.

Jeff P. Zacher March 25, 2010 at 10:58 pm

Lord Keynes would be so proud of her…

Nick Bradley March 26, 2010 at 1:55 pm

I moved away from Vegas last summer…back to Colorado. Vegas is a cesspool that I hope dries up and blows away in the wind…

HL March 27, 2010 at 1:43 pm

A brief follow-up. Last night we had some wine and pizza with the neighbors. While the kids ran around, I floated the idea that perhaps Vegas will share Detroit’s fate. Oh, no, that’s not possible, was the consensus. Vegas will always be the beacon of happiness and adventure that attacts enough visitors and retirees to fill our coffers. I suppose I could be wrong, but I couldn’t help remember these same folks (who are each wonderful, intelligent human beings that I am blessed to be neighbors with) telling me a few years ago “oh, no, you don’t understand real estate, it always goes up, sometimes quickly, sometimes slowly, but always up, up, up.” Not one of us is less than 40% upside down right now.

HL March 27, 2010 at 1:55 pm

Oh, and nothing in the stats to make a comparison between that dreary one-horse town in Michigan and beautiful, diversified Las Vegas.

Chonna April 22, 2010 at 12:41 pm

It’s sad that such a once lively city has slowly drizzled away to a tourist only kind of place. It seems as though there is no culture any longer and the streets are filled with people running from their real lives hence the term “What happens in Vegas, stays in Vegas.” I refuse to visit anymore. It’s only contributing to the cities slow death.

Danielle L Grant Of Las Vegas is A RAPIST September 11, 2010 at 6:04 pm

Danielle L Grant 22, of Las Vegas is a RAPIST, she and another man used a date rape drug on Victom at 2900 El Camino apt 170Danielle L Grant sodomized the victim with a plunger, Intestines were hanging out of rectum of victom.She is lite skinned mixed women 4 ’9 to 4’11 and she drives a black ford Focus, She works as an dental assistant during day.STOP her Please. Victom is too ashamed to go to police, HER LAST PH # 702-685-9588 Danielle L Grant MUST BE STOPED

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