[Koozie]

Originally Posted by aardogfsu

Why is it a shame to have to compete with cash investors? Those people worked their tail off, ALWAYS lived within their means and SAVED their money...most likely continue to pay crazy taxes and never asked for a penny from the government.

What's a shame is this type of behavior hasn't rubbed off on enough people.

It's a shame because some people are only capable of being so successful. If you're a successful person, then you know this is true, but it doesn't mean that other people deserve not to own a home. I know plenty of good people, many with college educations, unable to climb the corporate ladder simply because not everyone has the mindset of being corporate material. If everyone in the Las Vegas valley lived within their means, saved every dime and had enough savings to buy homes cash, then we'd all likely be in the same position reversed competing with everyone.

There's also plenty of people that have never asked for a penny from the government, served their country, obtained an education and might have grown up in poverty who managed to save a 20% down and still can't get into a home despite their 750 credit score. I'm not saying this is everyone and awesome on the people who can afford to buy homes cash (for investment purposes,) but it's really taking away from the lower class who might have worked their way out of a slump but are still forced to rent.

You kind of remind me of the people in this video...

Could Making Rich People Play a Rigged Game of Monopoly Help End Income Inequality? | News on GOOD

[aardogfsu]

Originally Posted by Koozie

I know plenty of good people, many with college educations, unable to climb the corporate ladder simply because not everyone has the mindset of being corporate material.

Who says you have to suit it up and work for a corporation...work for yourself.

...and work HARD and SAVE your money...and be SMART.

I can throw you 10 examples of people I know personally that could be way ahead and own property but are absolute morons and don't take money seriously or are LAZY.

-Can't afford your rent but have a $700 iphone when it comes out?
-Win $50,000 in a slot machine but continue to rent a condo at $700/month when you could have bought one for $45,000 that is now worth $75,000.

The average person does NOT know how to save.

Respect to those that know the importance of putting cash away.

[SportyandMisty]

Originally Posted by lvoc

The unfairness is that the first time buyer cannot compete. ....

A fair is a place where farmers take their prized tomatoes.

[SportyandMisty]

Originally Posted by lvoc

... It is simply that appraisals are not to market but as much as 15% below. That is unfair. Even conventional fails some times as the discrepancy between the market price and the appraisal is too great.

If it is true that the appraisal is as much as 15% below market, I would not call that unfair. I would call that incompetency on the part of the appraisers. Given the checkered history of this profession, some might assert collusion with various interested parties, which might even be fraud.

But I wouldn't call it unfair.

[SportyandMisty]

Originally Posted by Kevin_nlv

... And btw. The only people who are paying taxes correctly are regular working Joe's. You Vultures are taking all loopholes available to scam the system and not pay your share...

Please specify exactly which loopholes are available to scam the system. Please cite the IRS code. Otherwise, you're just bloviating.

[SportyandMisty]

Originally Posted by Kevin_nlv

... Rules of the game won't change until Americans go on the streets...

There are laws against public urination & defecation, although I've seen both among those who appear to be homeless.

[Koozie]

Originally Posted by aardogfsu

Who says you have to suit it up and work for a corporation...work for yourself.

...and work HARD and SAVE your money...and be SMART.

I can throw you 10 examples of people I know personally that could be way ahead and own property but are absolute morons and don't take money seriously or are LAZY.

-Can't afford your rent but have a $700 iphone when it comes out?
-Win $50,000 in a slot machine but continue to rent a condo at $700/month when you could have bought one for $45,000 that is now worth $75,000.

The average person does NOT know how to save.

Respect to those that know the importance of putting cash away.

This I'd agree with and we should be happy that people spend hundreds per month on their cell phone, cable, eating out and so on because it just makes it easier for the "smart money" to come in buy homes. I told a friend of mine that I was renting my house out for $850 a month, and my mortgage is $915. He's like, "dude, people like you are caught in a trap and losing money on your home." Please, man. The average American's cable bill is $120 a month, and I rent out my home that cheap to ensure it's being taken care of by good people. Needless to say he bought his home in 2005, foreclosed but I guess now he's apparently an expert.

[von949]

Didnt LV used to top this list?

Yahoo!
Cities with the most abandoned homes

[logline]

No Housing Bubble... not even in the hottest markets:

No bubble, even in hottest home markets, a new report says - latimes.com

"CoreLogic said one of two things would need to happen to make housing as pricey as it was between 2000 and 2004: interest rates rise to 6.75% or home prices skyrocket another 47%."

Hi Kevin!

[Kitchen Witch]

Don't we have enough empty houses???

I hope these builders will give the economy a break and not build for quite a few years yet. Not enough schools to support those future new homes in the new southwestern part of town either


Land sale: Good for economy, bad for strained schools - Local News - Las Vegas, NV | NBC News