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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 47,788
Quote:
Originally Posted by tdw28210 View Post
LV is hardly a bellwether for the rest of the country. It's a classic haves/have not's resort town economy on a super scale. Large swaths of the US have much more diverse and essential economic engines powering their success. And in time of COVID, where people are distancing (see boat and RV sales numbers) its rather fragile, one-trick pony, mass-gathering dependent business model is under pressure.

It's likely the relocating SoCal "haves" that don't really care about ocean access that are driving "luxury" home sales - for now. Again, hardly applicable to the rest of the US.
Everybody in the world has heard of LV and is an international destination. The symbol of American excess and decadence.
Old 11-01-2020, 02:38 PM
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