Vegas property was great to buy about 3 years ago. Once the high rises started being built they quickly prodded the market higher and out of the reach of what could be called a good buy. There have already been at least two of the much ballyhooed high rise projects canceled. If you wait another two years, you will probably see values again. I don't believe that the housing projects or single family homes have taken a tumble - just flattened out. The high rise / loft craze has just gone out of control. Plus, if you gamble as Jack probably does, you get comped so why buy property that will sit vacant for months out of the year?