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War with Iran is bad for Las Vegas real estate

August 27th, 2007 · No Comments

The estimations for the cost of Iraq war vary widely. One estimate shows “A running total of the amount of money spent by the US Government to finance the war, based on estimates from the Congressional Budget Office” to be about 456 billion dollars so far. The same website estimates the cost of war by state and city, the cost to Nevada is about four billion and eighty three million dollars and climbing by $1000 every 30 seconds, Las Vegas’ share is about 976 billion dollars. These numbers show the present costs and don’t take into account future costs of perusing the war, withdrawal costs or the massive future costs of caring for the veterans who are injured physically or mentally.  A 1.2 trillion dollars (that is 1.2 million, million dollars) in Iraq war cost is not out of the realm of imagination. Such money could fund universal health insurance, help pay for upgrading the antiquated infrastructure in many cities like New Orleans or Minneapolis etc…

Starting another war with Iran will add to huge financial burden Americans are already shouldering. Iran is not like Iraq. Saddam’s most ardent supporters were members of tribe and their allies, he not only didn’t have great support among his people, over 60%, namely Shiites downright hated him, and that’s why his army melted faster than snow in the Las Vegas sun. Iran has been a nation for more than 2500 years and any attack on it will be resisted by the vast majority of the population. An attack on Iran will be severely retaliated. Two third of the world’s oil exports pass through the Strait of Hormuz, which is roughly 30 miles at its narrowest point. That is why only a small escalation in tensions between US and Iran can drive oil prices by $10 a barrel overnight.  A few sunken oil tankers will close the strait, thus pushing a gallon of oil to mid $100. An event like this will throw the world’s economy in uncharted waters; experts predict a deep worldwide recession. The double punches of even more war expenses and worldwide recession will surely knock out Las Vegas and with it Las Vegas real estate prices. Recently Fox TV has amplified their war mongering ways. Support US soldiers and innocent lives which would be wasted in another unneeded war by signing this FOX ATTACKS IRAN. May the GOOD LORD bless us all.

Violence is the problem, enlightenment is the solution.

Tags: Las Vegas Real Estate

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