Luxury Mortgage Blog

Warren Buffet is famous for saying that the “herd mentality” controls the markets and that the markets can be controlled as much by emotion as anything else, and the belief that we are heading into a could quite easily be yet another example of this. If people think the Las Vegas market is ailing, it will likely fall in the short term. Fortunatley, this mentality can be quickly overturned by the fundamental factors that influence the local economy and markets. So, will the Las Vegas local economy really tank due to a US recession?