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Reader Polls Feedback for: March 25, through April 4, 2008

Answer our reader Poll, win 1 free $55+ Show ticket!   Each Reader Poll, the 3 best replies each week will receive one $55+ show ticket! The 3 winners will be selected by Richard Reed, IVLV owner.

Question:
The housing market for single family homes under $500,000 has decreased about 20% average in price over the past year throughout the Las Vegas area tract homes. This week’s Reader Poll asks an economical question. With prices retreating, would you consider moving to Las Vegas or buying a second home at these reduced rates? What is your opinion? We want to hear from you!

PLEASE NOTE: The following text entries are the words of our readers
and may not be full sentences, correct grammar or correct spelling.

 
Reader Poll Replies:

I think it would be great to live in Vegas, buy on a school teacher salary I am not sure I can ever move away from rural USA.  D. S.  Kansas.

definitely would be looking to buy a home in Vegas. Marc Parent derby line, vt

The real estate market in Vegas is on a decline due to the subprime fiasco along with buyers not having a clue on what they can realisticly afford. There is not a short term fix to this event no matter how much money the Fed can throw at it. There will be further foreclosures both on the commercial and personal real estate market. We haven't reached the bottom of this market. As the saying goes "fools rush in where wise men fear to tread." I have no intentions of buying or moving to Vegas. Nick Cignetti North Canton, OH

No . To us Las Vegas is a vacation destination & we would rather stay in a hotel then own a vacation home . It just wouldn't the same. Dolores Alpine,Ca.

Yes, I would consider buying a second home in Las Vegas. I don't see any quick fixes in the housing market industry in the near future. I think a smart investor would buy when he thinks the market has reached its low and could geat a "steal" on a second home. Vegas is where we want to retire and that is only 10 years away now. I plan on doing some home shopping when I am in town in May, Aug, and Oct.   DeWayne C  Rock Falls, IL

No not at this time. Keep in mind there are many other places where housing is reduced. I would give it a thought if I thought I could transfer to that area,but then again I would have to see what other items would cost water, gas. light, shopping, you know the cost of living.  Alan Wagner  Sheboygan Wi

 

 

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