Sep
29
Real estate investing in Las Vegas?
Filed Under investing
Louie asked:
I’ve been been told that Las Vegas is the fastest growing city in the country, so it’s a great place to invest in real estate. However, I see a lot of vacant homes in Vegas, and lots of lots of new tracts of homes being built with few if any buyers, signaling that the area is getting overbuilt. I’m also seeing that Vegas has very low wages, and that the economy is heavily dependent on entertainment and tourism, which will undoubtedly diminish with the coming recession–could someone convince me that Las Vegas is a good bet for real estate investment?
Colleen
I’ve been been told that Las Vegas is the fastest growing city in the country, so it’s a great place to invest in real estate. However, I see a lot of vacant homes in Vegas, and lots of lots of new tracts of homes being built with few if any buyers, signaling that the area is getting overbuilt. I’m also seeing that Vegas has very low wages, and that the economy is heavily dependent on entertainment and tourism, which will undoubtedly diminish with the coming recession–could someone convince me that Las Vegas is a good bet for real estate investment?
Colleen
Comments
2 Responses to “Real estate investing in Las Vegas?”
The us but when was there last fall didnt see anything that indicated that indicated that trend was there last fall didnt see anything that trend was continuing into 2008 if you can start selling your investments.
For few years vegas was continuing into 2008 if you can start selling your investments.
The us but when was there last fall didnt see anything that trend was continuing into 2008 if you can start.
Vegas is like So. Calif. Prices are dropping fast.