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Old 08-04-2019, 03:14 PM
 
2,546 posts, read 2,472,649 times
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Meaning what? You're going to buy a place for 300k and keep it empty? That's a pretty awful retirement plan. Better to put that money in a Vanguard index fund.
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Old 08-04-2019, 03:26 PM
 
586 posts, read 146,686 times
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Originally Posted by ddrhazy View Post
Meaning what? You're going to buy a place for 300k and keep it empty? That's a pretty awful retirement plan. Better to put that money in a Vanguard index fund.
Who said keep it empty? I grew up in San Francisco, there lots of people bought houses in Lake Tahoe. After 30 yrs they were free and clear in two houses. Sold one at hyper inflated prices to use as cash for several lifetimes, lived in the other. I own a house in San Mateo. Appreciated several thousand times, and can pull cash out for decades.
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Old 08-04-2019, 03:46 PM
 
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Las Vegas is not the Bay Area.
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Old 08-04-2019, 03:50 PM
 
586 posts, read 146,686 times
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Originally Posted by ddrhazy View Post
Las Vegas is not the Bay Area.
It was if youve been here for a while. I used to deal craps at the Stardust in the day, couple of my co-workers bought acreage way out of town. Commercial land on Jones. They, their children, grandchildren etc need not worry about money.
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Old 08-04-2019, 03:56 PM
 
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I have rentals here in Vegas and I hesitate to suggest it as an investment. The best return you can get when all costs are factored in is around 6% today. Now you're saying you want to keep the property empty? Sounds like a waste of money to me.

Your "co-worker" is lucky. He is dialed in to information that most other people and realtors are not privy to.
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Old 08-04-2019, 04:00 PM
 
4 posts, read 267 times
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Originally Posted by RationalExpectations View Post
Each of the 4 buildings have a separate feel to them. (Remember: there is Turnberry Place, and Turnberry Towers; they are two different developments).

Which building are you looking at?
Turnberry Place, with 4 different towers ... phases 1 and 2
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Old 08-04-2019, 04:13 PM
 
586 posts, read 146,686 times
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Quote:
Originally Posted by ddrhazy View Post
I have rentals here in Vegas and I hesitate to suggest it as an investment. The best return you can get when all costs are factored in is around 6% today. Now you're saying you want to keep the property empty? Sounds like a waste of money to me.

Your "co-worker" is lucky. He is dialed in to information that most other people and realtors are not privy to.
What are you talking about. Las Vegas was every bit as profitable as SF. You just got to the party late. But hang in, or is that unlikely.
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Old 08-04-2019, 04:15 PM
 
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Buying now would be coming to the party "late". This isn't a discussion on buying a vacation home in 2011.
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Old Yesterday, 11:31 AM
 
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Originally Posted by RationalExpectations View Post
People do this all them time. Note it is not merely a SFH vacation home: if your primary residence is a SFH and you go on vacation anywhere, you have the issue of maintenance of your primary home.

There are people for hire who do indeed "look in on things." You can use technology as well. It isn't a big deal.

Agree, it's not a big deal. There are a few things to keep in mind. Turn off the water to your house, that'll save a LOT of hassle. Drip irrigation is a major pain. If you can turn that off that would help as well, I got rid of mine and gradually going to upscale yard decorations (backyard).
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Old Yesterday, 03:54 PM
 
Location: Las Vegas
616 posts, read 569,453 times
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Originally Posted by timothyaw View Post
Agree, it's not a big deal. There are a few things to keep in mind. Turn off the water to your house, that'll save a LOT of hassle. Drip irrigation is a major pain. If you can turn that off that would help as well, I got rid of mine and gradually going to upscale yard decorations (backyard).
If you have any landscaping, turning off your drip irrigation would spell death to any plants.

I like your idea of "upscale yard decorations". Where do you get them? I saw a place that had metal cactus like you see along the roads here but can't remember where I saw it. Anyone know what I'm talking about?
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