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Old 09-03-2019, 03:22 PM
 
116 posts, read 55,591 times
Reputation: 49

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I've come to the conclusion that I will not be getting a place in the East. Showed my wife a few places and she was not pleased. She likes the area down South in Henderson. She also likes Summerlin.

We found a place called Palm Villas which I was very impressed with.

The Raiders coming to town soon means prices will go up. My wife wants to get a house. I also want a house but I want to give us some time to save up the money for a house. Thinking getting an apartment first will give us time to prepare for a house.

What do you guys recommend?

How much will it cost to buy a decent house? Somewhere between 150-200k...paid on a monthly basis. Not very excited about the idea of spending a lot of money on furnishing the house and making it look all pretty. Apartments are easier to furnish. Not against making a house look good.....I just have to allocate the budget for it. Breaking my bank account is not something I want to deal with lol.
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Old 09-03-2019, 03:33 PM
 
Location: Here and there, you decide.
12,134 posts, read 23,732,311 times
Reputation: 4257
150-200k for a house??? Not going to happen unless it’s small and in a rough area. I just sold my 1700sf rental in a tough area for 260. I sold the house we lived in (2400sf better area) for 385k. Summerlin for 200k, never. 350 and up
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Old 09-03-2019, 04:04 PM
 
Location: Southern Highlands
1,436 posts, read 914,084 times
Reputation: 1239
Choose a lender and get pre-qualified. Once you know how much you can borrow, you can figure out how expensive a house you can afford. Interest rates are rather low right now, and dropping, so its a good time for you.
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Old 09-03-2019, 04:12 PM
 
2,674 posts, read 708,693 times
Reputation: 4709
Quote:
Originally Posted by compwiz02 View Post
How much will it cost to buy a decent house? Somewhere between 150-200k...
Hmmm... I'll take "Things That Will Never Happen" for $600, Alex.
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Old 09-03-2019, 07:09 PM
 
27 posts, read 13,125 times
Reputation: 43
you can get a condo for that price
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Old 09-03-2019, 08:30 PM
 
2,634 posts, read 2,744,200 times
Reputation: 1505
Quote:
Originally Posted by Cold Warrior View Post
Choose a lender and get pre-qualified. Once you know how much you can borrow, you can figure out how expensive a house you can afford. Interest rates are rather low right now, and dropping, so its a good time for you.
Interest rates can be zero and that means nothing when wages cannot afford the prices of homes in Clark County, NV. Goodluck! My family owns SFR and I own a condo, nothing fancy but it's our home and not extravagantly out of reach for us. We've been here over 3 decades with my mother over 4 decades. Love Clark County, NV and its offerings.

Get a job first, stay on the job or see if you can even stay on the job then decide whether you want to buy a house or if you can afford to pay the mortgage based on your employment.
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Old 09-03-2019, 08:44 PM
 
2,634 posts, read 2,744,200 times
Reputation: 1505
Got lots of photos on my photo blog, Spring Valley and beyond including the Strip. Goodluck with your situation.

Over 400 pages and over 1 million views.

https://www.skyscrapercity.com/showt...25486&page=412
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Old 09-03-2019, 09:26 PM
 
686 posts, read 482,194 times
Reputation: 916
Quote:
Originally Posted by compwiz02 View Post
The Raiders coming to town soon means prices will go up.
That already happened. You missed out on the speculative growth.

Placing this bet right now is the sports betting equivalent of betting Patriots -7.5 when the line opened at -4.
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Old 09-03-2019, 09:32 PM
 
686 posts, read 482,194 times
Reputation: 916
Quote:
Originally Posted by Clarkcty View Post
Interest rates can be zero and that means nothing when wages cannot afford the prices of homes in Clark County, NV.
I'm dead. Are you a realtor by chance?
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Old 09-04-2019, 03:47 PM
 
2,594 posts, read 2,510,672 times
Reputation: 1620
Do you already live in Vegas? If you know that you will be staying put here for more than 5 years, buying is still the slightly better option.

I would not rush because of the Raiders coming to town, that will not increase the price of housing. Housing prices have been flat for 12 months. Take your time and be sure you really want to buy.
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