[dano]

I guess this explains why my Zillow value recently went down; on speculation that more foreclosures will drive more foreclosures? Mighty bold of them. I thought Zillow was a comp-based outfit. These clowns are having less and less credibilty as time goes by. And don't get me started on the liberal/green pin-heads at UNLV. I remember going to some award ceremony there in 2008 where these (Dr.'s of Real Estate?) were giving each-other awards, of course not mentioning that they totally blew calling the bubble that had recently burst.

Do we really have to read the article about Cage and Zero again?

[RCCCB]

Originally Posted by dano

I guess this explains why my Zillow value recently went down; on speculation that more foreclosures will drive more foreclosures? Mighty bold of them. I thought Zillow was a comp-based outfit. These clowns are having less and less credibilty as time goes by. And don't get me started on the liberal/green pin-heads at UNLV. I remember going to some award ceremony there in 2008 where these (Dr.'s of Real Estate?) were giving each-other awards, of course not mentioning that they totally blew calling the bubble that had recently burst.

Do we really have to read the article about Cage and Zero again?

Zillow has always estimated way high.
Cyberhomes seems pretty close to spot on.

[SportyandMisty]

I wonder if some Facebook IPO money will find its way to real estate in Las Vegas...

Tech Rebound Gives Silicon Valley Housing Market a Lift - WSJ.com

[eventusstultorummagister]

Originally Posted by SportyandMisty

I wonder if some Facebook IPO money will find its way to real estate in Las Vegas...

Tech Rebound Gives Silicon Valley Housing Market a Lift - WSJ.com

Those guys are more into Kauai and Sedona.

[Scott456]

Originally Posted by eventusstultorummagister

Those guys are more into Kauai and Sedona.

exactly, there needs to be a reason for those guys to throw money our way. So far I haven't seen any reason.

[khuntrevor]

Originally Posted by LV2ndHome

Depends on your point of view. Yes it is scary if you are an owner already getting your butt kicked and struggling to hang on. But if you are someone living in a rental, relocating soon to LV, or an investor, and are looking to buy in the near future, the thought of not having hit bottom yet is positive.

There is an old saying in golf: Every shot makes somebody happy!

Exactly, and what's bad for one farmer is quite possibly great for another.
I keep hearing people say "don't buy, it's dead money"--well, it may seem dead to them, because they bought at the peak--their investments are dead. But when you can go in and buy the house next door to them for 20 cents on the Dollar--hey...that's a real investment. You could rent it to the people next door for less than half of their mortgage payment and still get a 12% return.

For many years, someone could come to LV, get a job and a decent place to live and start moving up in the World...it was a great thing. That is what needs to come back for this decline to really end. Meanwhile, good for the Canadians and Chinese that are willing to see that there is a lot more value than there is in their own countries.

[eventusstultorummagister]

Originally Posted by khuntrevor

Meanwhile, good for the Canadians and Chinese

you left out Aussies

[Swigchow]

I wonder what the percent of investors are foreigners?

[olecapt]

Originally Posted by Swigchow

I wonder what the percent of investors are foreigners?

Less than 10% of the buyers are foreign. Of 65,000 houses which has been trustee saled over 61,000 owners have an 89x zip code or a major US state address.

[eventusstultorummagister]

Originally Posted by olecapt

Less than 10% of the buyers are foreign. Of 65,000 houses which has been trustee saled over 61,000 owners have an 89x zip code or a major US state address.

That's because they are using LLC's, you do know that, right?

Income taxes for foreign individuals or foreign corporations is 30%, U.S. corps pay lower taxes (if any).

Also, special tax rules exclude foreigners from capital gains taxes.

They STRUCTURE to minimize tax impact and can legitimately AVOID all U.S. estate taxes.

The average American has absolutely no idea how badly he is being screwed, he's either too distracted by his IPAD or far too busy struggling to make the nut each month to notice what's happening...