Buying Property in high Unemployment area/low population growth

[Hung T Nguyen]

I've read in numerous places not to buy/invest into a high unemployment area or low population growth area. 

But does that strategy actually apply to a well-known tourist attraction city? (For ex: Las Vegas)

There are always going to be tourists in this area and it's just a matter of time before it bounces back (imo).

So isn't this a great time to buy into that city? Isn't this buying into the dip? (Yes, I realize it could dip more, especially as this recession

is growing, but I'm happy with the housing prices now in that area, and I am paying cash and can weather out the storm. I am also going

to STR it out for cash flow).

Thoughts?