I understand that real estate prices in Las Vegas have come down quite a bit. I have looked at one condo on the internet in North Las vegas that is 1000 square feet and built in 2006 that is currently priced at $99,000.
Would you care to offer any information that you are aware of regarding regarding what is going on out there?
I may have to move out there when my lease expires at the end of April 2008. I would insist on living in a bear friendly neighborhood.
I am not in any hurry to to place any real estate bids anywhere. I still think it has further to go on the downside, perhaps considerably further on the downside. With FNM and FRE along with Bear Stearns, Lehman Brothers, Washington Mutual, AIG, Wachovia an others, it appears that there is real trouble in the financial and real estate areas.