Is Las Vegas a Dangerous place to invest?

[Ashan D]

Las Vegas is looking highly desirable for a move after i graduate next year with the huge hit to its housing market (and its local economy doesn't affect me because I work online)

The drastic decline was caused from the city's dependence on the entertainment industry, that much I know. However my thinking is that maybe this makes investment here a bad choice because Vegas may be prone to a corrective cycle with every little bump in the road. Maybe it's worth the premium to stay and invest in Los Angeles, where my investments are more stable because the economy is more stable.

What are your thoughts about this?

Thanks