Beats going to the casino.

How well is Atlantic City even holding up economically with the casino issues of the past few years?

We have 12 casinos which bring people in all year.  

There is also a new casino coming to the city less than 2 years  from now that will bring 1000 permanent jobs. 

That may not happen soon.I believe the stock market is a casino to those who do not take advantage of market timing, granted it is still a risk because it could theoretically go down to zero, but we all know that is not going to happen since our retirement plans are predominately invested in equities. 

Trust me, after 10 years in the casino industry, I can testify to that.  

New Casino/development along I-295.

Complaints from sellers that didn't close, boohoo. they still have the property and they took a chance, these are the same people who if they lost a quarter in a slot machine would insist the casino give it back because the didn't win.

So you had every car dealer in the South build new facilities all those Casino's that got build in MS Gulf shores they got the depreciation..

My $0.02; Cap rates are really a gross measure, it is the 1st level of analysis that you do in your head to figure out if you should turn the page and read more about it.Bethlehem has nice areas (downtown, near moravian etc) and some bad areas.. south side near the casino (well maybe that is not quite "bad" but it is a certain apatite) or as you get closer to Allentown.