Nothing was more emblematic of the housing bubble than Vegas. Incredibly, the commercial real estate market in Vegas appears even more frothy than residential. You have to see it with your own two eyes to believe it. On a recent visit I snapped a few photos. Truly remarkable. MGM’s City Center project is partially shut down due to funding problems. This small city is going in right next to the Bellagio in the middle of the Strip. How they plan to fill all these units is beyond me. The photos don’t do it justice….