U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Closed Thread Start New Thread
 
Old 05-20-2013, 01:14 PM
 
Location: Hong Kong/Los Angeles, CA
36 posts, read 170,965 times
Reputation: 33

Advertisements

Quote:
Originally Posted by ilovegarlic View Post
Different strokes for different blokes.

I considered buying a few years ago in LV (and elsewhere). Prices were tempting and I almost bit. Looking back I am so glad I didn't because I channeled my income into other financial vehicles that's driven me straight up. I don't like to brag either and money is not everything but it sure decreases stress.

But by all means keep buying them houses. Someone needs to put food on the table for the banks and brokers and realtors.

As an aside, during the 3-4 months when I was engaging the services of the realtors and brokers, I've found them to be the most miserable people to deal with. Probably on par with HOA dictators. They will tell you anything to garner a sale. In fact, even after I asked them to stop emailing me with listings, they still keep doing it.

I am "I Love Garlic"
Well, trust me my friend, my brokers and I included are eating very well.

And, I'm glad most of the banks have repaid the money that was lent to them trough tarp at 10% (Not really a bail out if you think about it logically)

 
Old 05-20-2013, 01:18 PM
 
133 posts, read 146,804 times
Reputation: 50
Quote:
Originally Posted by dinandriver View Post
Well, trust me my friend, my brokers and I included are eating very well.

And, I'm glad most of the banks have repaid the money that was lent to them trough tarp at 10% (Not really a bail out if you think about it logically)
Surprising but refreshing to see someone who actually recognizes that tarp was a loan not a bailout.
 
Old 05-20-2013, 04:44 PM
 
Location: Hong Kong/Los Angeles, CA
36 posts, read 170,965 times
Reputation: 33
Quote:
Originally Posted by gaash2 View Post
Surprising but refreshing to see someone who actually recognizes that tarp was a loan not a bailout.
And what's funny is that the ones that really got bailed out are the people who got foreclosed on or did a short sale and were forgiven their portion of bad debt, not even having to pay any taxes on the amount forgiven.
 
Old 05-21-2013, 04:15 PM
 
261 posts, read 353,613 times
Reputation: 137
We closed on our short sale in March for $112/sq.ft. in Seven Hills. House across the street from us which has a slightly larger yard and 400 sq.ft. smaller in now on the market at $195/sq.ft. I hope they get it.
 
Old 05-21-2013, 06:09 PM
 
244 posts, read 285,920 times
Reputation: 204
Quote:
Originally Posted by tbill618 View Post
...now on the market at $195/sq.ft.
Stagnant listing, the worst part is with only 2 weeks worth of inventory it means there really is no supply.
 
Old 05-21-2013, 06:20 PM
 
Location: Sunrise
10,869 posts, read 13,635,351 times
Reputation: 8987
"Stagnant listing, the best part is with only 2 weeks worth of inventory it means there really is no supply."


^^^ Fixed it for you.

Seriously, how many houses have you owned in your life? I'm betting the answer is "zero." It's easy to armchair quarterback from the sidelines when you don't even care about the game. Your posts don't even make sense, let alone square with reality.
 
Old 05-21-2013, 06:23 PM
 
12,973 posts, read 12,134,962 times
Reputation: 5398
Quote:
Originally Posted by VegasVicsezhowdy View Post
Stagnant listing, the worst part is with only 2 weeks worth of inventory it means there really is no supply.
Well it is unpleasantly low but where did you get the two weeks...more like six weeks.
 
Old 05-21-2013, 07:10 PM
 
Location: Here and there, you decide.
11,575 posts, read 22,669,562 times
Reputation: 3882
Quote:
Originally Posted by scooplv View Post

seriously, how many houses have you owned in your life? I'm betting the answer is "zero." it's easy to armchair quarterback from the sidelines when you don't even care about the game. Your posts don't even make sense, let alone square with reality.
exactly!
 
Old 05-21-2013, 08:02 PM
 
2,132 posts, read 2,187,821 times
Reputation: 1299
That short sale that closed for $112/sqft was in the pipeline for months. The prices are going up quickly so it's a useless figure to measure against active listings now.

$195/sqft is high though, probably overpriced and will sit on the market till it's priced appropriately. A listing price is nothing until it actually gets sold. 7 hills is a nice area, similarly priced as Summerlin. I could see that house going for $150/sqft.

[orphaned. ]

Last edited by observer53; 05-21-2013 at 10:51 PM..
 
Old 05-21-2013, 08:11 PM
 
Location: Sunrise
10,869 posts, read 13,635,351 times
Reputation: 8987
[quote of deleted post]
Actually, I hold no mortgages. I pay cash for houses. Those who say it cannot be done are singularly annoying to those of us busy doing it. There are many people on the Las Vegas forum of C-D who are either in the process of becoming financially secure (often through real estate) or those who have already done so.

The naysayers are the sour-grapes type. They lack the financial prowess and discipline to get rich themselves, so they denigrate those of us who are working towards financial independence. They have no meaningful advice whatsoever. Only vague warnings about how the game is rigged. All of us know that already. The only thing that matters is what you DO with that knowledge. And you are spinning your wheels and pointing fingers. What a waste of time and resources.

[orphaned]

Last edited by observer53; 05-21-2013 at 10:49 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top