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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 25 Jun 2005 08:52:05 -0700 /

Author of the message: "LasVegasBill"

Title of the message:
Re: Is it too late to get into this market?

Text of the message:
I am not implying that Vegas is not subject to large numbers of
foreclosures.  Las Vegas is just as likely, if not more likely in some
cases, to experience the increase in foreclosures right along with the
rest of the country.  But the increase in foreclosures does not change
the fact that the city's population will continue to grow at a
staggering rate.  There is only so much land available to Las Vegas,
but it will not slow the influx of people into the Valley.  What I was
stating in the original text of my posting is that investors SHOULD
keep their eyes on Las Vegas, not only because of its looming
foreclosure market on the near horizon, but with predictions of the
population doubling within the next 25 years, that means some 2 million
people will be in search of housing in the years to come.
Sincerely,
Bill Bumphrey, Realtor, e-Pro
Elite Realty, Las Vegas



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