Do you see a reality that I am missing here? What would compel a buyer to buy new construction in Las Vegas? And who’s delusional: me or the guy who “did the numbers and [knows] this house will hold its value” ?
Look, I’ve bought only new houses; there’s a lot to be said for picking your own tiles, not having to use someone else’s bathtub, or steam off their feather & fan flocked wallpaper. But resales have a lot of the kinks worked out, are landscaped, are usually priced commensurate with the market (rather than being over-priced), customarily have lower taxes, and are ready when you are (rather than taking months or years to construct). So if you factor all that in, why would you buy from a builder in an area rife with empty houses begging for buyers?
And how the heck does anyone know what anything is worth anywhere, let alone in Las Vegas?