« Dubaious Hype, Dog-shit Planning & Mad Landscape Love | Main | Them Are Fightin' Words »
October 31, 2005
1.2 Million Dollar Shack
"Corchuelo’s home is one block off Las Vegas Boulevard and across the street from the future home of the Allure, a 41-story luxury complex under construction"
What was it that Mark Twain said, something to that effect that 'buy land, they're not making it anymore'. No Veg/Ass weather is in the midst - surely as its always been - of a stupendous boom in land values. The above photo was taken from this article on MSNBC, from which I quote, "The cost of a vacant acre in the Las Vegas area has hit $601,600 — an 88 percent increase over last year ... At last count, there were 93 luxury condominium projects, totaling 175 towers, proposed, planned or under construction in the Las Vegas valley in the second quarter of this year, according to a report released in September by Applied Analysis."
Posted by jmarston at October 31, 2005 11:25 AM