You can get a feel for the economy by visiting Vegas which is a cyclical boom and bust town. In 2006, their real estate market was one of the biggest bubbles and it imploded in just as grand of fashion. Vegas real estate prices have rebounded but doesn't look like a bubble which is good news. Prices are now just in line with its long-term growth trend. I'm here for one night in Vegas and it feels like things are booming. Everything is crowded. People are spending money in the casinos, restaurants and luxury stores. Even the major sports franchises are coming. The NHL will be first with the Vegas Golden Nights kicking off its season this year and the NFL will follow with the Oakland Raiders moving to town in 2020. Baseball and basketball can't be far behind. There is no sign of slow down here in Sin City.
Header photo from Unsplash by Grant Cai