Quote:
Originally Posted by RawAlex
There is only one downside of buying condos in a hot market, which is the potential for a crash, especially when you are talking higher end properties. Not everyone is walking around with enough credit to buy a $700,000 condo.
Please consult the disaster that the Miami condo market is turning into for more infomation.
Good luck with it, if you intend to hold it for a while you will make good money, but if you are looking to flip it quick, be real careful.
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vegas cant be compared to any other market, the strip specifically. I think its a very safe investment, there are investment groups all over the world getting in on this buying it up, with all the analysts etc checking this projct out, its gotta be a strong deal for sure. atleast thats my opinion, plus I do plan to hold onto it, its a great vacation place and a way to pay for itself in the mean time while I am not there since you can rent these out nightly to vacationers or ppl attendding conventions.
when the conventions are in town, there is virtually no hotel rooms avail, so it only strenghens my purchase