[Sparrow_temp]

This is depressing. I was looking at making a late 2018 or early 2019 move to Las Vegas and wanted to purchase a house. My job is such that I can work at home so could relocate anywhere with a good Internet connection. Are the purchase vs rental prices in line with one another in Las Vegas or is it better to buy?

Originally Posted by airics

I think the housing is going to peak either late 2018 or summer 2019. The shortage we have already. Problem is if you sell, what are you going to buy. To actually make money, you would have to relocate elsewhere. My game plan is to sell this year and go to Florida as it hasn’t recovered yet.

[justthe2ofus]

Originally Posted by Sparrow_temp

This is depressing. I was looking at making a late 2018 or early 2019 move to Las Vegas and wanted to purchase a house. My job is such that I can work at home so could relocate anywhere with a good Internet connection. Are the purchase vs rental prices in line with one another in Las Vegas or is it better to buy?

Florida is in the same boat as Las Vegas. Most major markets are suffering from short inventory. South Florida, Orlando, & Tampa Bay are all highly competitive with prices rising in all size sectors. 3/2's or larger are highly sought by families looking to escape the northern locales.

Maybe you were thinking of a lesser market, which may have more inventory.

The real estate reports come out on or about the 20th of the month. The St Pete Times, Orlando & Sun Sentinel all have columns reflecting the numbers for the previous month.

[ddrhazy]

Originally Posted by 08grad

Then don't move thousands of miles from your family and friends to a city in the middle of the desert that has no culture or community.

Where'd you come from that was so full of culture and community?

[FLHfan]

Originally Posted by airics

I think the housing is going to peak either late 2018 or summer 2019. The shortage we have already. Problem is if you sell, what are you going to buy. To actually make money, you would have to relocate elsewhere. My game plan is to sell this year and go to Florida as it hasn’t recovered yet.

Well, I hate to break it to 'ya but Florida has recovered. Looking at LV real estate, similar houses in desirable areas of Fl are going for similar prices. To get a deal on a nice house you should have bought by the end of '15.
And then there's the humidity difference.

[airics]

Originally Posted by justthe2ofus

Florida is in the same boat as Las Vegas. Most major markets are suffering from short inventory. South Florida, Orlando, & Tampa Bay are all highly competitive with prices rising in all size sectors. 3/2's or larger are highly sought by families looking to escape the northern locales.

Maybe you were thinking of a lesser market, which may have more inventory.

The real estate reports come out on or about the 20th of the month. The St Pete Times, Orlando & Sun Sentinel all have columns reflecting the numbers for the previous month.

Florida has nowhere near recovered like Vegas. I just bought a 3br 2700sf for $110k in crystal river. I’m going to sell the Vegas and Ohio properties and buy Florida properties

[airics]

No it hasn’t. Vegas is EASILY double the price unless you are talking Miami area

[FLHfan]

Originally Posted by airics

Florida has nowhere near recovered like Vegas. I just bought a 3br 2700sf for $110k in crystal river. I’m going to sell the Vegas and Ohio properties and buy Florida properties

You bought a house in Florida for $24.50 a sq ft? Did you look at it first?

[airics]

Originally Posted by FLHfan

You bought a house in Florida for $24.50 a sq ft? Did you look at it first?

no $41 per sq ft (110k / 2700 sf) needs to be updated $10k-$20k then I will flip it....

you can buy in nice master communities (meadow crest) in crystal river for under $150k for 1800sf

golf course communities about 160 right now

these are homes, not mobiles

a few years ago cost would have been a third less

[justthe2ofus]

Originally Posted by airics

Florida has nowhere near recovered like Vegas. I just bought a 3br 2700sf for $110k in crystal river. I’m going to sell the Vegas and Ohio properties and buy Florida properties

As I said, in lesser markets, deals can be had. Crystal River is not in a major market.

[airics]

Originally Posted by justthe2ofus

As I said, in lesser markets, deals can be had. Crystal River is not in a major market.

It’s where the snowbirds go. Crystal river. Homosassa. Heck Ocala is even cheaper than crystal river.