Definitely not screwed, not even close. Real estate did not have a once in a lifetime run-up, with a permanently high plateau. This has happened before, prices came down to earth. Its certainly not fun though.
I was/am in a similar situation. When prices were cheap my job was very shaky. By the time my job was stable enough to consider buying prices had gone through the roof.
Opportunities will come again. Either through price declines outright, or inflation. I’m betting on more of the former, than the latter. One way or another housing will go back to being affordable, especially in Vegas. Its the water situation out there you need to worry about, not housing.
