[gulfer]

Hello All,
Great forum, I've been reading for a little while now. I have been watching the Real Estate Market there for about 1.5 years and between that and the few forums out there, I was hoping some folks could answer a few questions.
I'll retire from the Navy after 25 years and will get another job, just don't have to work and make 100K since I'll have a pension.

How long do you think it will be before the real estate market rebounds? I want to buy, but don't want to carry for 2-3 years before I get there. If I wait another 18 months or so, do you think the new homes from Richmond American, Astoria, KB and Centex will be similar price to what they are now?

I read where it is difficult to get jobs if your not a local. With my situation and a Masters Degree in Business open some doors? If full time, is a 60K to 80K salary realistic?

With land being scooped up in the Valley and so much available south toward Primm and north to Mesquite, will there be more housing areas going up over the next 10-15 years? If so, would you expect same cost but bigger yards or same size with smaller costs. I would think the land would be much cheaper then in the valley as developers work there way outside what is being built now.

Thank you all and again, I really appreciate all the threads and posts. I feel like I'm getting alot of good information.

Dan

[yellowsnow]

I've been a part timer for years. I always reasoned that property had to stay affordable because wages in Vegas were low. I was wrong. There's only so much land and Vegas is a desirable place to live. Even though too many jobs are underpaid, there are scads of jobs available. People just keep on coming! I wish I had bought property several years ago.

For a while, I was priced out of the market but things have moderated somewhat and I can again buy a home there. The problem now is that I can't sell what I have. Assuming the downturn in RE is legitimate, I would guess it won't last long in Vegas because people want to live there. CNN says property values will drop @ 7% this year. Don't know if I believe it. Time will tell. If you really want to live in Vegas buy sometime soon. Not right now but think about the end of the year perhaps. Spend a lot of time studying the market!