The Las Vegas thing scares me a little. 25k construction workers laid off, 3 mn sq feet of retail space and 10 bn of commercial space idle. It is a disaster zone by US standards… wait 'til they get a load of us…
grumpy
July 4, 2009, 10:20pm
3
Yeah but there is no NAMA rushing in there to rescue the lenders.
Las Vagas may have to be abandoned in the next few years due to Lake Mead drying out.
MSN | Outlook, Office, Skype, Bing, Breaking News, and Latest Videos https://eecue.com/img/images_pic-medium-28388-Lake_Meade_and_Pump_Towers.jpg
Dry Lake Mead? 50-50 chance by 2021 seen msnbc.msn.com/id/23130256/
ewd3
July 6, 2009, 2:01pm
6
from that presentation slide 11
The suspension of work at the Echelon is only one sign of larger problems in Las Vegas. Three million square feet of retail space now stands vacant, and nearly $10 billion in commercial property is in financial distress. In 2008, more than one in 12 of the city’s houses received a foreclosure notice .
I know that’s because it’s easier to walk away, but that’s huge
The New York Times has since taken down that photo essay because some of the photos were digitally manipulated:
pdnpulse.com/2009/07/new-yor … essay.html
Not that it matters much…
Actually I think it does matter. I was impressed by these photos, and I am sure they made an impression on lots of readers. One wonders how much of this goes on elsewhere. Another so-called paper of record that has no clothes!
Here’s another image that made an impression on lots of readers:
https://img205.imageshack.us/img205/9449/belmayne3gw6.png
Eh…
Editors’ Note: July 8, 2009
A picture essay in The Times Magazine on Sunday and an expanded slide show on NYTimes.com entitled “Ruins of the Second Gilded Age” showed large housing construction projects across the United States that came to a halt, often half-finished, when the housing market collapsed. The introduction said that the photographer, a freelancer based in Bedford, England, “creates his images with long exposures but without digital manipulation.”
A reader, however, discovered on close examination that one of the pictures was digitally altered, apparently for aesthetic reasons. Editors later confronted the photographer and determined that most of the images did not wholly reflect the reality they purported to show. Had the editors known that the photographs had been digitally manipulated, they would not have published the picture essay, which has been removed from NYTimes.com .
The slides have been pulled!
Rialtas:
Actually I think it does matter. I was impressed by these photos, and I am sure they made an impression on lots of readers. One wonders how much of this goes on elsewhere. Another so-called paper of record that has no clothes!
Here’s another image that made an impression on lots of readers:
https://img205.imageshack.us/img205/9449/belmayne3gw6.png
What’s that for? (Sorry I live thár sáile so not au fait with recent Irish press)
Ozzy
July 9, 2009, 8:37pm
12
It was part of a sales pitch for a development in Dublin trying to sell it as a sexy, yuppie style place.
It recently featured in the news with apartment owners complaining about living on a building site (AFAIK all work has ceased). Gracious it ain’t.
Ozzy:
It was part of a sales pitch for a development in Dublin trying to sell it as a sexy, yuppie style place.
It recently featured in the news with apartment owners complaining about living on a building site (AFAIK all work has ceased). Gracious it ain’t.
Sorry but was that development by yer man who featured in ‘the builders’? The guy who (used to) dressed like Neo in the matrix?
Ozzy
July 9, 2009, 8:47pm
14
Stanley Holding was the company behind it, not sure who is behind that. Here’s a link to some boomtime media porn.
Ozzy:
Rialtas:
Ozzy:
It was part of a sales pitch for a development in Dublin trying to sell it as a sexy, yuppie style place.
It recently featured in the news with apartment owners complaining about living on a building site (AFAIK all work has ceased). Gracious it ain’t.
Sorry but was that development by yer man who featured in ‘the builders’? The guy who (used to) dressed like Neo in the matrix?link to some boomtime media porn.
It actually said ‘Savvy’ in the headline, WTF! So what’s the story there now and links?
regarding Balmayne mentioned above as property porn, they couldn’t even see fit to put in a full basketball court.
https://davidoco.fastmail.fm/park.JPG
Plenty of brown spaces… Just what you need…
That Belmayne pic was bugging me - reminded me of something - and then it clicked.
As this is a US thread - I reckon we have a symbiotic/demonic relationship with the good ol’ US of A:
