Is there a stock or mutual fund that deals exclusively in the depressed Las Vegas real estate market?
July 01, 2010
I think the closest match you will find is a home builder with significant exposure to Las Vegas. Beazer Homes (ticker: BZH) is one that comes to mind. I like your contrarian thinking. However, you might be a bit early on this idea as Las Vegas is remarkably overbuilt.
Since Las Vegas is so dependent on gambling, you might look at some casino stocks as a proxy for the local economy. There is probably a decent correlation with real estate prices.
July 1st, 2010 at 4:07 pm
Exclusively? I doubt it. You might some some REITs that have concentrated holdings there - but REITs deal in commercial properties and/or apartments - not single family residential.
References :
July 1st, 2010 at 4:40 pm
I think the closest match you will find is a home builder with significant exposure to Las Vegas. Beazer Homes (ticker: BZH) is one that comes to mind. I like your contrarian thinking. However, you might be a bit early on this idea as Las Vegas is remarkably overbuilt.
Since Las Vegas is so dependent on gambling, you might look at some casino stocks as a proxy for the local economy. There is probably a decent correlation with real estate prices.
References :