If it's Not Supply and Demand Why are Homes Overpriced in Las Vegas Nevada?

If it's Not Supply and Demand Why are Homes Overpriced in Las Vegas Nevada?

There are approx 100+ new home communities in the Las Vegas and Henderson area in Nevada, with hundreds of thousands of new homes being built in the Las Vegas Valley.

This (doesn't) include resale homes in Las Vegas and Henderson Nevada.

 So if that's the case there in (NO) Supply and Demand, so Why are Homes Overpriced in Las Vegas Nevada?

The only reason that Vegas Bob thinks homes are overpriced in the Las Vegas Valley is because homes in Southern California and the Bay Area in parts of Northern California are (Super Inflated).

A home owner can sell a home for $1,000,000 and purchase 3 homes in Las Vegas or Henderson ;o(

"Go Figure" but just because homes in California are selling for approx $1 Million, doesn't mean homes in Las Vegas are cheap.

Robert Vegas Bob Swetz personally thinks many homes in the Las Vegas Valley are OVERPRICED!

2-3 years ago homes weren't overpriced, but they are now!

Real Estate Market For 2017 and 2018 by Robert Vegas Bob Swetz

Real Estate Market For 2017 and 2018 by Robert Vegas Bob Swetz

Robert Vegas Bob Swetz would like to share some advice for anyone interested in purchasing a home in the United States in 2017 or 2018.
Home buyers should try and be careful when purchasing a home within the next two years. Vegas Bob personally thinks the Real Estate Market is unstable, and for middle class people interested in purchasing a home try and stick with what's affordable. Don't bite off more than you can chew and purchase some huge overpriced home that you don't really need.

  
 Now for anyone reading this post that has millions of dollars and or has a life where money is not a problem, by all means purchase what ever priced home you wish.
Vegas Bob does not want this post to be a doom and gloom about the Real Estate Market in 2017 and 2018, but Vegas Bob believes some Major Event will take place within the next two years that will drive the values down by the 3rd year after which would be 2019.
How long and how far will the values go down? I am really unsure!

BE CAREFUL ...