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Old 03-16-2012, 06:41 PM
 
2,724 posts, read 4,763,638 times
Reputation: 1042

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I posted two locations of subdivisions with new construction that were unihabited and in the process of being vandalized (one just up the street from Spanish Trail). Those may be the vacant neighborhoods you're referring to.

The individual empty REO properties are more spread out and harder to discern unless you ask the local neighbors (who can point them out matter-of-fact).

Count on losing @8-10% equity per year until the market finds equilibrium.
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Old 03-17-2012, 02:59 PM
 
Location: Las Vegas, NV
327 posts, read 446,260 times
Reputation: 445
Angry YouTube EconCat88 - video tours of vacanies

EconCat88's Channel - YouTube

Plenty of videos of residential and commercial real estate starting in August 2010; last one was six months ago. Appears to start with


Las Vegas real estate crash video #1. - YouTube

The last one is from September, 2011:


Las Vegas real estate crash and economic collapse #68. - YouTube

Depressing.
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Old 03-17-2012, 06:47 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,156,755 times
Reputation: 3900
Quote:
Originally Posted by bledsoe3 View Post
Welcome back to the states!
Thanks, it feels good to be back. Its been about a week now.
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Old 03-19-2012, 05:52 AM
 
13 posts, read 19,089 times
Reputation: 16
the problem I see with buying real estate in Vegas today, is that its still Vegas.

You may be getting what APPEARS to be good deals, especially compared to the prices in 06',

but you are still in Vegas, the place where people from California come to act like kids, the place where the mayor used to rep. the mob, the place where Reid is kingpin (most corrupt Senator today), the sex industry everywhere, the drinking 24/7, the gambling...

its just a hostile city, and you can and will never get away from that, and that is what makes this city a terrible investment.
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Old 03-19-2012, 07:38 AM
 
Location: Paranoid State
13,044 posts, read 13,865,519 times
Reputation: 15839
Quote:
Originally Posted by S Fernando View Post
the problem I see with buying real estate in Vegas today, is that its still Vegas.

You may be getting what APPEARS to be good deals, especially compared to the prices in 06',

but you are still in Vegas, the place where people from California come to act like kids, the place where the mayor used to rep. the mob, the place where Reid is kingpin (most corrupt Senator today), the sex industry everywhere, the drinking 24/7, the gambling...
I don't understand. You say there is a "problem". What's the problem?
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Old 03-19-2012, 07:39 AM
 
Location: Paranoid State
13,044 posts, read 13,865,519 times
Reputation: 15839
Quote:
Originally Posted by von949 View Post
Thanks, it feels good to be back. Its been about a week now.
Thank you for your service! And I'm glad you came back alive!
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Old 03-19-2012, 08:10 AM
 
2,724 posts, read 4,763,638 times
Reputation: 1042
Quote:
Originally Posted by SportyandMisty View Post
I don't understand. You say there is a "problem". What's the problem?
Just a hunch but perhaps the "problem" is the fact that Vegas is a corrupt company town void of pluralism.
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Old 03-19-2012, 09:04 AM
 
2,076 posts, read 4,073,195 times
Reputation: 2589
Subjective much?

You probably think investing in company like Philip Morris is a bad idea too if you don't smoke.

Just because something doesn't equate to your reality doesn't make it a bad investment.

Quote:
Originally Posted by S Fernando View Post
the problem I see with buying real estate in Vegas today, is that its still Vegas.

You may be getting what APPEARS to be good deals, especially compared to the prices in 06',

but you are still in Vegas, the place where people from California come to act like kids, the place where the mayor used to rep. the mob, the place where Reid is kingpin (most corrupt Senator today), the sex industry everywhere, the drinking 24/7, the gambling...

its just a hostile city, and you can and will never get away from that, and that is what makes this city a terrible investment.
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Old 03-19-2012, 09:29 AM
 
Location: Sunrise
10,864 posts, read 16,992,760 times
Reputation: 9084
Quote:
Originally Posted by S Fernando View Post
but you are still in Vegas, the place where people from California come to act like kids, the place where the mayor used to rep. the mob, the place where Reid is kingpin (most corrupt Senator today), the sex industry everywhere, the drinking 24/7, the gambling...
Golly. You say all that like it's a BAD thing.
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Old 03-19-2012, 09:34 AM
 
15,843 posts, read 14,476,031 times
Reputation: 11917
That just makes it a better investment. Cali, with all it's liberalism, did just a bad.

Quote:
Originally Posted by eventusstultorummagister View Post
Just a hunch but perhaps the "problem" is the fact that Vegas is a corrupt company town void of pluralism.
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