We can expect strong to very high inflation becuase of the low interest rates can't stay there forever.
We can higher gas prices which will add to the inflation.
We can expect about the same as far as employment or worse wich will have a negative impact on real estate long term.
If saleries keep going down, the stock market and real estate market can't keep going up based on true market forces so expect another "bubble" from the stock market.
We can expect higher crime rates and social unrest so put food stuffs away for at least 6 months if you can just in case and rotate food supply for your family. You should also have fire arms to protect your self. If you don't know how, I can teach you.
The economies of the entire world, country, region, effect Vegas, jobs, etc.
We need to: promote healthy and positive life style that Vegas has to offer and get away from the "What happens in Vegas, stays in Vegas" marketing. The Casinos are building all over the world so they are protecting their a____ so Vegas needs to do the same by getting business owners here for light industry, shipping, technical, hi tech, manufacturing, etc. If we don't we are dependent on Casinos and they are taking care of themselves.
Matt - 501-0973
Check out Jed Kolko's response on Trulia's trend blog:
Refinancing, new mortgage regulations, and the mortgage interest deduction all won on Tuesday. But the best shot at more principal reductions might have been lost.
Hope this helps,
Ali, Community Manahger