This was too cute to see my sister quoted for the news.  I had to post it here too!  Way to go Rachel!

Jan 13, 2009

"Relatively speaking, the luxury condo market is a fairly new animal to the Las Vegas valley," said Rachel Skidmore with Applied Analysis.

Skidmore says it is a simple case of oversupply, "As we saw a few of these initial products come on line, demand was extremely great. A lot of these developers saw that and jumped on that wave."

But it is a development wave that ultimately crashed. Applied Analysis says it has tracked 107,000 announced condominium units over the past five years, of which only about 15-percent have become reality.

As for the unit at Loft 5, the rent works out to $1,650 a month when you factor in a one free month promotion. Leasing agents say it is comparable to renting a single family home which would include the same amenities offered here such a pool and workout room.

This will be my very first blog... ever!  Yes, for someone who works on the web day in and day out, I am a little slow.  I find it a little intimidating but I am sure I'll get used to it.  The trick is finding the time!  Hopefully whoever even decides to read this thing, will at least find something interesting in it.  I'll try to keep the dribble to a minimum, so therefor, I shall sign off for now!  To be continued...