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Dead horse post: Vegas declined 10% from one year ago

Just to re-emphasize this is NOT the place you want to buy.


  1. I actually began to bet against Las Vegas when lake levels began to fall a few years back. Unfortunately, I didn’t know you were stationed there until you had already bought a house in that city.

    If you read my “November” postings you will get a better understanding of where I think all of this is going.

    Posted on 27-Dec-11 at 09:20 | Permalink
  2. CombatRob

    I’d like to think I would have listened to your warnings. However, in advocating against home purchases in Las Vegas since the crash, I can count on one hand the number of times I’ve been able to show people the facts and numbers and they’ve listened. I even have one buddy who bought against my advice and then turned around less than two years later and short sold it…the market had fallen another 20K in the interim. We planned for a small loss, but the 170K it did fall far surpassed our planning.

    Posted on 27-Dec-11 at 18:15 | Permalink

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