My view of the world

I noticed an article over in the Las Vegas blog with a title that asked if the bubble had burst for high-rise condos here in Vegas.
I didn’t read the article, but this question seems to get posed every time some developer fails to raise enough cash to get the project off the ground. As I see it these rather grandiose plans fail to take into account, that while there’s a lot of money in this town, most people out this way are still hoping for a house, and for the next few years this will be possible, but, as the drive to work takes longer and longer and the traffic gets worse and the price of a house continues to skyrocket, there will be a demand for housing close to work and shopping.
This valley is rapidly being filled to capacity, so soon it will be normal to live in a high-rise. I just think they’re about 5 years too early and the land these planned developements are on is getting too expensive for anything but casinos, so perhaps down one of the cross streets ,or even as far down as Paradise Rd., will be where they’re finally built, but I don’t doubt that they will be built.