Monday, September 05, 2005
Leaving Las Vegas
I spent sixty hours in Las Vegas and I need to take the edge off. In 1976 I purchased 5 acres of land in Pahrump Nevada, 50 miles S.W. of Vegas. This place consisted of a land office, a post office and a few alfalfa farms. They didn't even have a school; the kids were bused 25 miles to Shoshone, Ca. to go to school. I paid $6,000 for 5 acres of prime bottom land which consisted of rocks, sage brush and lizards. When Carol first saw the property she was greeted by a bleached skull of a cow and a rattle snake. Being the speculator that I am I held on to it till 91 when I sold it for $18,000 to pay off my Toyota 4-Runner. Now Pahrump, this former watering hole for the 20 mule team borax wagons from Death Valley is a bedroom community of Vegas. A thousand 2,900 sq. foot homes have replaced the 8 single wide trailers that used to make up Pahrump. That little parcel of land that I purchased for $6,000 can't be had now for half a mil. The place has a Wal-Mart Super Store! What do these people do out there? I guess they commute to Vegas where the price of a tract home on 0.1 acres is $600,000. I am going to empty my IRA's and sell all my assets and try to purchase an acre there. In a year I'm sure it will be worth a billion.