Friday, November 11, 2005

Las Vegas: La La BubbleLand

In Business Las Vegas had this to report from Las Vegas:

Most local experts have railed against any thought of a Las Vegas housing bubble, saying changes to the market are simply a period of adjustment and a "return to normalcy."

During a recent housing seminar, Steve Bottfeld, with Marketing Solutions, blanketed the front row with soap bubbles at a recent seminar.

"That is the extent of the housing bubble, there it is," he said.

Las Vegas is one of the most bubbly cities in the country. In a year or so Steve Bottfield maybe unemployed and wondering why the bubble popped. It was unsustainable. Its the fundamentals stupid.

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