80-100% leverage is the only way people can own a home in our country. Gone are the days of 50% LTV at purchase. Because of the leverage, one little hiccup (or a huge Tsunami) can have LOOOOOONNNNGGGG lasting effects.

Prices will continue to go down until buyers/sellers equal out. Speculation is part of any market, but if rampant speculation comes back into the market, it will be VERY short lived. The wounds are too fresh. Therefore, prices will remain here, go down or stay unchanged for a long time.

It will not be until de-salination becomes mainstream and on par with production of groundwater treatment that Pat and her efforts will no longer be needed. In the meantime, she is the best thing to happen to Nevada. Las Vegas is a job creating machine and through conservation, the water can be stretched considerably. I applaud her efforts and the anti-growth folks need to look at the entire picture.

Sprawl is not good, but growth IS. Smart growth is what is needed to make sure the resources can be stretched and the footprint on our environment is minimal. If people want growth to stop, then people should stop having children. It sounds absurd, yes, but so does a person sayting "we should limit growth." It doesn't work that way.

As an investor, I see all kinds of opportunities here. One of which is to focus my acquisition efforts along main transportation corridors where future mass transit will be. It is coming for certain and to be there before it comes is the essence of successful investing.
Kevin
http://vegasrealestateguy.com