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Why Las Vegas real estate is not a bubble!

System - Thursday, December 5, 2013

Many time a week, I am asked is Las Vegas going to hit another bubble? With the majority of my clients concerned with the effects of prices on the Las Vegas property management market, I simply state I am 42 year resident of Las Vegas; I am confident at seeing the trends and feeling the "inside scoop" on what the true resident's are feeling.   My bottom line is and has been NO!   People love Las Vegas for numerous reasons, which are too much to mention here, but this is why people have and will continue to come year after year.  

It was nice to see the recent article posted on the Las Vegas Review Journal addressing the statistical facts as to why Las Vegas, is not destined for another bubble.  Please take the time to review this and see another point of view.

Sincerely,  

Michel J. Robinson

Robinson Realty & Management

 

http://www.reviewjournal.com/business/economist-pokes-holes-shadow-inventory-theory