From: CalCruiser 
Newsgroups: alt.invest.real-estate alt.real-estate misc.invest.real-estate
Subject: Re: Condo Outlook in Las Vegas?
Date: Sun, 08 Apr 2007 10:29:05 -0400

>> My job will be taking me to Las Vegas for two weeks a month for the next
>> three to five years.  I'm trying to decide whether I should rent an
>> apartment or purchase a condo.  One factor I need to consider is the
>> projected real estate market, particularly for condos, in Vegas.
>>
>> I realize of course no prediction is fool proof.  The Vegas real estate
>> market in general has been expanding at an extremely high level the past few
>> years, but like many other parts of the US, it's flattened out lately.

Buy the condo. I assume your employer will compensate you in some fashion,
unless of course you're the employer. 3 to 5 years could build some modest
equity. 3 to 5 years of interest deducted from your income would be welcome on
your income tax returns.

I'd suggest really studying the market to find out what area will stay hot and
likely grow in value. When markets swell in the good times, and then recede,
there are always locations that have a lot of fallout and those that continually
flourish. Find the flourishers.

After you find that area, heavily vet the prices and buy at the lowest price
possible, even considering newer but damaged units. You may have some weekend
time available for sweat equity.