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You can never underestimate the predictabilty of stupidity...

Demographics...100,000 new residents in LV every year....All the land is owned by the BLM..so an acre of developed land ready to build on is 600K....

I know all about Pulte and the GREEDY INVESTORS >>>READ AS STUPID INVESTORS...Overall it hasn't effected new home prices as some analysts thought it would, Pulte got ahead of itself in it's pricing...

As of March homes for sale in LV has slipped below 10,000...meaning fewer homes are for sale....and prices are on the rise again...after dipping during the holiday season...


TABDULA the Prophet says...prices in LV will probably rise back to the heights reached last summer...and be pretty stable going forward...the real moneis allready been made...

BUT CA....problem is there are TOOOOO MANY CHOICHS available.... prices have allready declined by about 15% in San Diego and certain sections of LA.... 1M homes now asking 850K....

As Tabdula the Prophet take a slug of whiskey and says, "I can see it now .... it's becoming clearer " As he takes another big gulp of Whiskey. "The Bears are fatting themselves up on the wild berriers and their coats are becoming long and shaggy...they are getting ready for a long sleep..... the Bulls are sharpening their horns for the great stampead to rutt in the spring and summer....the Stock Market is going to go much much Higher for the next few years...."