So SDduuuude is probably wondering why I haven’t chimmed in. I am one of the few Vegas Native’s out there (and yes I know the real names of everyone in the movie Casino) and I am still connected to the town via freinds and family though I lay my head in the Loma Portal. Everyone is right about not buying. Without getting into details that town has not seen the worst of it yet and prices will only go down. The rest of the paragraph is antedotal but I think serves as the writing on the wall.
1) My mother is a hiring agent at the Clark County School District and is seeing application for people WAY over qualified for janitor, clerks, and other lowing paying positions.
2) Friends in the construction business has seen all work stop at the residential level. Big projects such as schools, casinos, and other bond fund work continues but beyond that there is no “works” in planning.
3) Anytime I am home I am seeing new and old house vacant, in some cases, for years.
4) There is no real industry in that town other than Hospitality. Once the building stops those in the building trade will have to also give up thier homes either through foreclosers or short sales. After all they are not going to be able to maintain the same lifestyle when there are 3 bodies for 1 job.
5) Vegas has been in a boom before 85′. I think it is time the party is over.
All this leads to lower prices in the market. In fact the cities biggest problems right now is muck filled abandon swimming pools and the DEA’s chasing meth labs from vacants.
My two cents,
I know she wants a home for the child but it really isnt in thier best interest right now.
