Las Vegas Real Estate

[Satya Chilupuru]

We are newly married and planning to settle in Las Vegas. Any idea how's the real estate in Vegas ? What I have heard from most friends is that the market has reached it's peak and it's a good idea to wait for a year or so when the market sees a slight pullback. Thoughts ?

[Bill B.]

What a difference 6 months makes eh?

Prices are up another 4%.

Rents in Vegas are rising at the second fastest rate in the country.

Interest rates aren’t rising any more they’re falling.

Sales aren’t decelerating, their accelerating. 

I guess 6 months ago was a bad time to keep waiting for the next recession. 

But no Jason, I'm not a fan of that condo deal. The HOA fees are a killer, you have $23k invested and if it's empty 1 month a year you've lost all your cashflow with zero repairs. I don't know that I have a better suggestion, especially at such a low price point, but if you found something with $100/mo less Hoa it would rent for the same amount and add a lot to income and cash flow.