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How Soon Is Now
Feb. 16th, 2006 01:03 pmWhat a cracking entry from Pommo at http://dpommo.blogspot.com/. Of course, all hell will be let loose, and no-one over the age of 30 would have dreamed of making such a post, but by god I'm glad that he did.
But first, the immediate aftermath. You can almost guarantee that when someone has the guts to put what they really feel on paper, some other "wit" will respond along the lines of Problem with you mate is you dont say what u think. ... if you only expressed your true feelings the blog would be miles better!
Wat I don't get is, what is this comment meant to communicate? That the guy is good for being so honest? Or that he is stupid for being so tactless? In fact, it doesn't say anything, apart from the fact "I read your entry and this comment proves it".
But, back to the entry. Well, apart from naming and calling a couple of players total arsewanks, the article was a virtual condemnation of the entire live tournament scene. A large number of players who think that they are better than they are and who are, mostly, skint.
Oh, and Deauville comes in for a fair bit of stick as well, not to mention the French. Great misanthropic diatrbe of the first order. More, please!
The more I look at the costs involved, the harder I find it to believe that any but a few can turn a profit playing the tournament circuit. It's the people selling the spades who are going to retire rich, not the guys hunting for the "big gold strike".
+++++
I see that Bourbon Street, another hotel in which I have stayed (just once, for three days), is now no more. I noticed that it was closed when I went to LV in December. I missed my afternoon steak and chips (with coke and starter, $12.35) at Bourbon Street, and I never really found a replacement for it. Anyway, on Tuesday, it was demolished. No need for careful demolition brick-by-brick in Vegas. Just implode it.
Bourbon Street was legendary for having some of the worst acts in Vegas, a hypnotist who couldn't hypnotize, and so turned to dirty jokes instead, and a female comedian whom I vaguely recall hearing one night (the "show hall" was just curtains drawn round a stage) who actually made Rita Rudner seem funny.
A few years ago the place went "slots only". It had a long bar that was probably an excellent place to find middle-to-low-price hookers late at night, and not much else (except for the cheap restaurant, which I really liked). Its lifts (elevators) were reminiscent of the 1930s and most of the residents seemed to be exciles from Lithuania. A sad departure. How long will El Cortez survive?
+++++
And, speaking of Vegas, when you hear a non-economist telling you that "it's different this time", reach for your short position. (Actually, when you hear an economist saying this, it's wise to take out a sshort position as well). Flipchip uses the latest entry on LasVegasVegas to say that there isn't really a property bubble in Vegas because the economy works differently there.
[The new condos] are sell outs long before completion, some before actual construction begins. The secondary market for these units continues to add stimulus to the growing Las Vegas real estate market.
I know some of the professional poker players that have decided to invest some of their winnings in homes and properties in Las Vegas. They have all realized a profit on their Las Vegas real estate investments...
Trust me, property bubbles are property bubbles. Whenever you see people buying property not because they plan to live there, but because they plan to sell on "at a profit", then you have a bubble. The consitutents of the "real economy", no matter how rich they are, have nothing to do with it. You don't need to have a Ph.D to see what is going on with property prices in Vegas. The line that properties on "the Strip" will command a premium price because of the location is true, but that premium also depends on the price of non-premium locations in the town. Some of these condos aren't tulips from the Netherlands (yet) but I can see some nasty shocks appearing in the not-too-distant future.
But first, the immediate aftermath. You can almost guarantee that when someone has the guts to put what they really feel on paper, some other "wit" will respond along the lines of Problem with you mate is you dont say what u think. ... if you only expressed your true feelings the blog would be miles better!
Wat I don't get is, what is this comment meant to communicate? That the guy is good for being so honest? Or that he is stupid for being so tactless? In fact, it doesn't say anything, apart from the fact "I read your entry and this comment proves it".
But, back to the entry. Well, apart from naming and calling a couple of players total arsewanks, the article was a virtual condemnation of the entire live tournament scene. A large number of players who think that they are better than they are and who are, mostly, skint.
Oh, and Deauville comes in for a fair bit of stick as well, not to mention the French. Great misanthropic diatrbe of the first order. More, please!
The more I look at the costs involved, the harder I find it to believe that any but a few can turn a profit playing the tournament circuit. It's the people selling the spades who are going to retire rich, not the guys hunting for the "big gold strike".
+++++
I see that Bourbon Street, another hotel in which I have stayed (just once, for three days), is now no more. I noticed that it was closed when I went to LV in December. I missed my afternoon steak and chips (with coke and starter, $12.35) at Bourbon Street, and I never really found a replacement for it. Anyway, on Tuesday, it was demolished. No need for careful demolition brick-by-brick in Vegas. Just implode it.
Bourbon Street was legendary for having some of the worst acts in Vegas, a hypnotist who couldn't hypnotize, and so turned to dirty jokes instead, and a female comedian whom I vaguely recall hearing one night (the "show hall" was just curtains drawn round a stage) who actually made Rita Rudner seem funny.
A few years ago the place went "slots only". It had a long bar that was probably an excellent place to find middle-to-low-price hookers late at night, and not much else (except for the cheap restaurant, which I really liked). Its lifts (elevators) were reminiscent of the 1930s and most of the residents seemed to be exciles from Lithuania. A sad departure. How long will El Cortez survive?
+++++
And, speaking of Vegas, when you hear a non-economist telling you that "it's different this time", reach for your short position. (Actually, when you hear an economist saying this, it's wise to take out a sshort position as well). Flipchip uses the latest entry on LasVegasVegas to say that there isn't really a property bubble in Vegas because the economy works differently there.
[The new condos] are sell outs long before completion, some before actual construction begins. The secondary market for these units continues to add stimulus to the growing Las Vegas real estate market.
I know some of the professional poker players that have decided to invest some of their winnings in homes and properties in Las Vegas. They have all realized a profit on their Las Vegas real estate investments...
Trust me, property bubbles are property bubbles. Whenever you see people buying property not because they plan to live there, but because they plan to sell on "at a profit", then you have a bubble. The consitutents of the "real economy", no matter how rich they are, have nothing to do with it. You don't need to have a Ph.D to see what is going on with property prices in Vegas. The line that properties on "the Strip" will command a premium price because of the location is true, but that premium also depends on the price of non-premium locations in the town. Some of these condos aren't tulips from the Netherlands (yet) but I can see some nasty shocks appearing in the not-too-distant future.
