[olecapt]

I would tend to find that reasonable. Many of the high rises however are not in the normal set of LV Real Estate...there are some...One Queensridge or Soho which are actually locally lived in. But the Panoramas and Trumps and Turnberrys are more like the time share business. It is RE but it is not the local RE market.

I find Pink's townhouse interesting. I would have expected townhouses to stick to the single family model. Particularly as many if not most have private landscaped areas. I will take a look when I have an hour to burn.

One thing that comes through loud and clear is that RE Agents mostly pay no attention to the data fields for "supplied by the HOA". One would think that can be fixed. It should be pretty well standard by development.

Think I will drop a note to the MLS guys and see if anything can be done.

[suetalks]

I may have been mis-lead, but I was told Blackhorse, Echo Bay and Pacific Harbors included water/sewer. I don't think the first two are conversions, and not sure about the third. (The reason I originally cited only two)
If I am wrong...apologies...but I was told this.

[PinkString]

Originally Posted by olecapt

I find Pink's townhouse interesting. I would have expected townhouses to stick to the single family model. Particularly as many if not most have private landscaped areas. I will take a look when I have an hour to burn.

.

Actually it was a mistake on the builder's part. They somehow ended up putting in one water meter per building instead of separate one's for each townhome. So they couldn't charge us separately for water. The downside is, if someone in the building has to have their water shut off for any reason, our's is too whether we like it or not.
Plus our landscaping area's which are in our back yards, typically do not allow water features, so it doesn't really add too much to the cost of the water for the HOA.

[barryhussein]

Originally Posted by olecapt

One thing that comes through loud and clear is that RE Agents mostly pay no attention to the data fields for "supplied by the HOA". One would think that can be fixed. It should be pretty well standard by development.

Think I will drop a note to the MLS guys and see if anything can be done.

And if they can go take a picture of the front door; they should take a few others. Might as well mention pending litigation, also. Oh, and those 150 flights per day that go over the property might rattle your fillings a bit, too.

The way I find out if it was converted or not is to look at the previous owners on the assessor's roll. If it was built in 1990, and a private party didn't won until 2001, then it was a conversion. And that question is in plain English on the MLS sheet, so WTF?

[daveyjones978]

...but water, sewer and trash are included in my HOA fees as well. Not a conversion either. In fact I do seem to recall my fees going up slightly in the past because of either the water or trash.

Good thing, since I just assumed this was the case with all condo complexes...

[SinCityModern]

Olecept...I have not mastered the quoting text yet, but I would like to clarify a few things on the highrise HOA issue...I was not sure what you meant by that these properties are not in the RE market.
Panorama Towers & Turnberry Towers & Turnberry Place should not be misunderstood as "time shares" as these properties are for end users and not a "condo hotel"

Trump, Platnium, and MGM are indeed set up in a rental pool, and owners are restricted to the actual number of days they can stay.

In terms of Highrises:

Soho, Newport, Allure, Streamline, Regency Towers, Wimbledon Towers, One Queensridge Place, Panorama Towers, Park Towers, and both Turnberrys are all traditional RE and have very specific short term rental policies governed by their HOA's.

[olecapt]

Originally Posted by SinCityModern

Olecept...I have not mastered the quoting text yet, but I would like to clarify a few things on the highrise HOA issue...I was not sure what you meant by that these properties are not in the RE market.
Panorama Towers & Turnberry Towers & Turnberry Place should not be misunderstood as "time shares" as these properties are for end users and not a "condo hotel"

Trump, Platnium, and MGM are indeed set up in a rental pool, and owners are restricted to the actual number of days they can stay.

In terms of Highrises:

Soho, Newport, Allure, Streamline, Regency Towers, Wimbledon Towers, One Queensridge Place, Panorama Towers, Park Towers, and both Turnberrys are all traditional RE and have very specific short term rental policies governed by their HOA's.

My point was a different one. In general I doubt we will see many locals living in Turnberryy, Panorama, or any of the condo hotels. These are out of town owners pretty much. Thus of little interest to the local buyer. In general the sale is closer to the "time share" than to a local RE sale. Perhaps not as high pressure but still much harder than a local tract. They compete with a Miami or Hawaii or Macau condo...not with a house in the Ridges.

The Soho, Newport, Streamline et al will be interesting. They may turn out to be local but it looks like there will be a lot of blood shed before they actually end up owned by anyone who lives in them. I would suspect these all will end up well below replacement costs.

[Billdunn]

Anybody knows about the condos in Craig Road Villas in north Las Vegas? More than 40 units are for sale now. Some 900 to 1100 sq ft two bedroom suits are under $50,000. Is it a good buy? Are there any problems if so many of them are being sold? It is a big complex of about hundreds of units though.

[olecapt]

Originally Posted by Billdunn

Anybody knows about the condos in Craig Road Villas in north Las Vegas? More than 40 units are for sale now. Some 900 to 1100 sq ft two bedroom suits are under $50,000. Is it a good buy? Are there any problems if so many of them are being sold? It is a big complex of about hundreds of units though.

Caution is advised. Don't know what is wrong in there but something is. Those places appear harder to rent than they should be.

The place would appear ideal for Nellis. Five minutes or less to the base. So it would appear that they would appeal strongly to the airmen.

However there are 20 or so for rent a with only three or four per month leasing. That makes no sense. Something is wrong.

The units have taken about the worst beating I have seen in Las Vegas. Sold in 2005 for around 160K now selling under $50K.

I would be very concerned over the stability of the HOA and the how the place is managed.

There are better distressed conversions around than this one I think.