Not sure why would you take it personally Brian, I’m looking at this from an opportunity perspective. Afterall, nothing would make piggs happy than a crash and burn scenario that actually materializes, even me.
Nothing personal, just simply $$a$$. I think all the casinos/gaming industry here in SD will see a lot less traffic too. Not sure why you would be getting all defensive about this if it is amplified in LV or any other hotbed economy built strictly on gaming. If you are in denial and think otherwise, you’re definitely entitled to your opinion and like we always say, time will tell. No need to get personal about it.
As far as the casinos going under. Yes, some casinos will do fine. Some aren’t so well capitalized, but I don’t see that as the main problem, because as Friend alluded to, businesses can always change their business model and survive. I’m talking about all the hourly workers that will see their jobs suddenly vanish and not come back, if the industry changes, accelerated by the current environment. And what matters for rent and housing prices is those regular people that need a place to live. Now there are a few scenarios. The officials in other regions hard hit could adopt a plan similar to Newsom and have a moratorium on rent, foreclosures, utility bills too. And it’s maybe more likely in a hard hit region, so while it might hurt some people who count on rental income, in the long scheme, if it can slow down a mass exodus, maybe that’s a good thing and a small price to pay for landlords there to offer temporary free rent. Part of the cost of doing business in the high risk, high return investment.
At the other extreme, nothing can be done, and people, well just leave. And that could crater home prices.
If you don’t believe this, than none of this this should worry you and you shouldn’t feel so defensive talking about it. Afterall, we’re just looking for great deals and opportunities at other people’s expenses. Right? That’s what many of you guys here have been saying all along… Inclusive, right? So if it crashes and burn, which looks more likely, that’s actually really good news from an investment perspective. Bring it on!. More good buys for us in the long term.
The the key important thing to remember is the following. Public health far more important than any sort of short term economic pain, no matter how severe it is. I’m glad that out of all things, finally this administration has made this decision.
I’m glad we are now starting to close stores, venues, bars, restaurants, to reduce infection. Even if that causes a massive economic crash in some areas, it’s a necessary thing to do out of the well being and concern for all the people in the this country. One small involuntary financial sacrifice that a small insignificant percentage of the population need to make for the the greater good of everyone else.. So, I think you’re looking at this wrong Brian. If you really do own property in Las Vegas, I’m sure the majority of the population really appreciate any sort of financial assistance you might be providing for them, voluntarily or involuntarily by government decree.
