No crash in LV. Volume is down, but asking prices have hardly budged at all. The locals are saying that we renters had better buy quick during this lull, because the California investors are about to re-enter the LV market in force this Summer. (Note – lots of CA investors in 2003-2005 took out 100% LTV adjustable loans, but quite a few paid 100% cash)
It’s easy to ridicule this kind of statement on a bearish forum like Piggington, but resisting this “buy now” sentiment in 2003 was a disaster for bitter renters like myself who read the bubble talk and acted on it too early at 50% of current prices.
Anyway, there aren’t any LV-specific housing crash sites that I’m aware of.
