Real Estate Dropping again???

[David L.]

I currently live in Las Vegas, NV. Home to foreclosure city. I was looking at purchasing a rental property, but I am concerned. I am new to real estate investing, but I am an avid investor in many areas except real estate. I have many friends, relatives and economists telling me to wait, as there is a 80-90 % chance that real estate will go down another 20-30% here, due to the economy. I can see for myself everyting is over inflated right now, I would just like to get some real estate opinions if I should wait. Thank you. Dave