PREVIEW

... nded, many people naturally believed them. The people of Las Vegas began to slowly feel that this was indeed the case.

Does Las Vegas still have a future?

Is there still investment value here?

Land prices are like stocks, they sell based on expectations. If a place has no development prospects, the land there is naturally worthless.

When Wash Mining bought that piece of land in New Mexico, 8,000 acres were worth only $200,000, equivalent to only $25 per acre.

...

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