Well, the news speaks for itself.
A study was completed a few years ago by some of the nations TOP economic graduate students. They predicted accurately what would happen to Michigan if they refused to repeal their "truth in sentencing" law which mandated that every person sent to prison there spend ALL of their minimum sentence inside a prison. They said the cost of that procedure (well over 2 billion a year) wold bankrupt the state. they suiggested that if Michigan were to REPEAL that law and allow people sent to prison Godd Tiime so they can be released early....that the state could upright itself in less than twop years.
Michigan politicians ignored this study by some of the nations top graduate students.....and Michigan is in ruins now. Detroit is GONE.....high crime rate, no jobs, 40 percent EMPTY. IT is said that Michigan will never recover with the new way the world does its business.
These same students have ALSO studied Las Vegas.....and they determine that many people are not paying attention to several IMPORTANT factors concerning the economy of Las Vegas.
ONE: Your economy relies mostly on entertainment for jobs. the nation has a NEW perspective concerning entertainment. Its not affordable for many so only the Casino OWNERS are surviving this Tsunami of finance that has hit Las Vegas.
TWO: Your city is in actual DANGER of falling completely now with places like McCau China AND the idea that many people can just drive for an hour or so anywhere across the nation to gamble NEAR the places they live now, and not have to pay for the flights and the hotel fees that LAs Vegas calls for.
The graduate student study for Las Vegas stated that in order to SAVE the City of Las Vegas from returning to the slow days of the forties in terms of
economics, it needs to SELL HOMES CHEAP and get people LIVING there so the state can bring in tax infrastructure and get people buying goods and services IN the city of Las Vegas to keep the business climate afloat.
Your most important need then is to LOWER significanlty your home prices...I know they are low now, but if you continue to let your REALTORS break laws and wait the economy out for the big returns on homes, your city could go to sleep for a couple decades.
You have a bigger problem than low return on homes, you face a huge depletion fo your economy for a FEW decades if you do not LOWER significantly ...your home prices and GET PEOPLE LIVING IN LAS VEGAS in order to shore up your economy with the dollars these people would spend on gas, property taxes, food, in restaurants, on doctors, dentists, in casinos, at your stores and places of interest.
The nation is watching you....and no one is going to bail YOU out if you don't get moving.