I read an article this morning from some real estate advisers.  They say that the confidence of the American people is in the toilet.  They say the 700 billion dollar bailout is positive and is not a quick fix, that it will take months and months.

  What I did object to them saying is ” The bailout is like a parent comforting his child after a bad dream.”  I don’t know how you feel but I do not look at the government as my parent.  WE are suppose to be the government.  I would call that incest.

Something they said I did like was ” Las Vegas needs to get back to the fundamentals that brought people to Las vegas in the first place.  Jobs and affordable housing.”  That I agree with, the out of control housing market of the 2004-2006 was awful.  Every time a first time home buyer was priced out of the market I hated it even more.

Let me know how you feel about the Las Vegas Market right now?  Are you thinking of buying but holding off till you are sure that prices are not going to fall anymore?  Are you looking for the bottom of the market and will jump on just as the upswing starts?

Tags: bailout, goverment control, money

This entry was posted on Saturday, October 18th, 2008 at 9:36 pm and is filed under Las Vegas Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.