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Unread 04-28-2011, 06:06 PM
 
Location: Nebuchadnezzar
965 posts, read 848,110 times
Reputation: 309
Default NPR opera of the housing market

I suppose Las Vegas will be similar to Miami's real estate opera.

NPR Media Player
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Unread 04-28-2011, 10:47 PM
 
Location: North Las Vegas
1,410 posts, read 1,663,685 times
Reputation: 523
Good and bad News for Vegas both in jobs and housing.

check out this video:
http://www.vegasinc.com/videos/2011/apr/25/5032/
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Unread 04-29-2011, 08:44 AM
 
Location: North Las Vegas
1,410 posts, read 1,663,685 times
Reputation: 523
Even the wealthy are getting hit by the housing recession in and around Las Vegas.

[SIZE=4]Wealthy Leaving Las Vegas Mansions as Foreclosure Pain Spreads
[/SIZE]
http://noir.bloomberg.com/apps/news?pid=email_en&sid=aRpcQSd4j5xw

Source: Bloomberg News
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Unread 04-29-2011, 08:48 AM
 
Location: NW Las Vegas - Lone Mountain
15,761 posts, read 19,044,337 times
Reputation: 2661
Quote:
Originally Posted by 007 license to sell View Post
Even the wealthy are getting hit by the housing recession in and around Las Vegas.

[SIZE=4]Wealthy Leaving Las Vegas Mansions as Foreclosure Pain Spreads
[/SIZE]
http://noir.bloomberg.com/apps/news?pid=email_en&sid=aRpcQSd4j5xw

Source: Bloomberg News
Been done...


Bloomberg article from 4/26/2011
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Unread 04-29-2011, 09:26 AM
 
Location: Las Vegas
3,731 posts, read 4,520,763 times
Reputation: 1177
Quote:
Originally Posted by 007 license to sell View Post
Even the wealthy are getting hit by the housing recession in and around Las Vegas.

[SIZE=4]Wealthy Leaving Las Vegas Mansions as Foreclosure Pain Spreads
[/SIZE]
http://noir.bloomberg.com/apps/news?pid=email_en&sid=aRpcQSd4j5xw

Source: Bloomberg News
MBA already made a new thread with this article
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Unread 04-30-2011, 09:19 AM
 
Location: Beautiful Upstate NY!
12,247 posts, read 13,173,968 times
Reputation: 5459
Quote:
Originally Posted by airics View Post
Funny thing is, I became a realtor to gain access to the mls to do my own buying. That's why I'm part time. I may only have a few clients but my clients are still my friends.
and most likely...are all renting.
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Unread 04-30-2011, 09:26 AM
 
Location: Beautiful Upstate NY!
12,247 posts, read 13,173,968 times
Reputation: 5459
Airics, why are you "the ONLY realtor here that says RENT don't buy"? Is it because you've watched the value of your LV home sink since you've bought?
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Unread 04-30-2011, 11:17 AM
 
Location: Here and there, you decide.
8,296 posts, read 10,996,771 times
Reputation: 1777
Quote:
Originally Posted by jfkIII View Post
and most likely...are all renting.
most are, i like the rental commissions
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Unread 04-30-2011, 11:20 AM
 
Location: Here and there, you decide.
8,296 posts, read 10,996,771 times
Reputation: 1777
Quote:
Originally Posted by jfkIII View Post
Airics, why are you "the ONLY realtor here that says RENT don't buy"? Is it because you've watched the value of your LV home sink since you've bought?
house 1 sank in value, but not bothersome to me.. my tenants have paid the full payment of the mortgage and the hoa...

house 2, i bought in 08 and it was a foreclosure, went down but not that much ... less than 15% from purchase price.

and i recommend to rent since the prices are still coming down....and you should rent until you know exactly where you want to live in the valley...
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Unread 04-30-2011, 02:31 PM
 
125 posts, read 89,985 times
Reputation: 57
SO let me ask you who have experience in the LV r/e game: What can a good, recent home of say, 1250 sq ft on a roomy lot be had for today? I need to price the market before visiting and I read so much about "cheap LV homes" but I am betting these are all distressed repos or otherwise unsound and not move-in-ready.
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