tag:blogger.com,1999:blog-8529580665294663953.post1110822033105367302..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: What Happens In Vegas Devalues In VegasNuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8529580665294663953.post-55240697054489499792008-05-09T10:13:00.000-07:002008-05-09T10:13:00.000-07:00In a residential bubble epic proportions - like th...In a residential bubble epic proportions - like the one leading to this year's market collapse - the luxury, "High End" home will always fall the farthest.<BR/><BR/>Interesting that Vegas is also the home to the "Foreclosure Bus" and is luring "stupid money" from all over to buy these foreclosed houses at a huge "discount" based on overvalued comps.<BR/><BR/>My advice is don't buy ANYTHING in Vegas in 2007, no matter what anyone says about how "cheap" it is.<BR/><BR/>Re-evaluate in '09 and see if anything has changed. <BR/><BR/>In the meantime if you are set on investing in Residential Real Estate ... look at "bread and butter" in a working class market that cash flows.Dike Drummond MD CPChttps://www.blogger.com/profile/07360095924917295052noreply@blogger.com