2009-11-17
My wife and I come to Las Vegas from Michigan 4-6 times per year. I play poker, and she spends my winnings. Her brother from Wisconsin bought a 2nd home in Summerlin with Robin Camacho’s help, and he keeps pushing us to do the same. But I get comped rooms and meals at nice hotels, and don’t see why I’d want to spend $220,000 on a home like he did. My son and his fiancee just stayed at a Strip hotel for $19. For $600/mo I can live there for less than a house payment, and have maid service. I love Las Vegas, but I’m leery of losing money. What’s your sense of where the market is headed? And why would anyone buy a 2nd home when they can stay in a hotel on the Strip for less? - Mark R