MGM’s City Center is hiring BK lawyers. I haven’t seen anything quite as stunning as City Center when I visited Las Vegas in November. The City Center project was the very definition of real estate excess. Looks like the problems are even worse than I assumed.
Commercial real estate looks very fragile and could potentially derail our little “recovery” assuming of course that we were ever back on the rails – I am much more skeptical than most.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.