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02-15-2009, 09:25 PM
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Junior Member
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Join Date: Feb 2009
8 posts, read 5,611 times
Reputation: 14
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Buying a home, L.A or Las Vegas?
Evening,
Just wondering what you guys think would be a better investment. Im looking to spend about 200k and want to purchase the home around May. i know there are many factors but where would be the better location to buy around May?
Thanks Guys
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02-15-2009, 09:32 PM
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Senior Member
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Join Date: May 2008
726 posts, read 442,439 times
Reputation: 235
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Vegas more for the money.
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02-15-2009, 09:45 PM
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Have we been here before, or are we yet to come?
Status:
"I got my first two sales today!"
(set 3 days ago)
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Join Date: Nov 2007
Location: 36° 8' 3.6352" -115° 3' 55.3546"
1,796 posts, read 987,621 times
Reputation: 283
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And people are too plastic in La La Land. You couldn't pay me enough to live in that s**t hole.
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02-16-2009, 12:13 AM
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Senior Member
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Join Date: Dec 2006
624 posts, read 398,799 times
Reputation: 171
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The question is how long you plan on holding on to such a home? If you are planning 5 or more years, then Vegas is the best bet since there is plenty of inventory here especially with the high foreclosures in the area.
I say 5 years because I think the market will get cycle back in that time.
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02-16-2009, 03:18 AM
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Just a visitor on the website of life
Status:
":)"
(set 10 days ago)
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Join Date: Sep 2006
Location: In a house :)
4,404 posts, read 3,556,424 times
Reputation: 1399
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If it were me, I'd pick Las Vegas over Los Angeles. Now if it were northern California, I might have a different answer.
I grew up in Southern Calif, and I have some fond memories of it. But I don't think I'd ever move back there again.
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02-16-2009, 10:30 AM
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Moderator
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Join Date: Jun 2006
6,581 posts, read 6,488,331 times
Reputation: 1449
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$200k in LA will get you either a crack-house or a refrigerator box- if that's all you've got to spend, Las Vegas is the only reasonable choice of the two.
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02-16-2009, 05:02 PM
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Senior Member
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Join Date: Feb 2008
Location: downtown Las Vegas
252 posts, read 141,606 times
Reputation: 77
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Quote:
Originally Posted by BobKovacs
$200k in LA will get you either a crack-house or a refrigerator box- if that's all you've got to spend, Las Vegas is the only reasonable choice of the two.
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Can you even buy a crackhouse in LA for $200K these days? |
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02-16-2009, 05:33 PM
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Not a member
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Join Date: Nov 2008
Location: Hawaii>SouthLakeTahoe>LA>Vegas>?
163 posts, read 118,197 times
Reputation: 61
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Quote:
Originally Posted by rome777
Evening,
Just wondering what you guys think would be a better investment. Im looking to spend about 200k and want to purchase the home around May. i know there are many factors but where would be the better location to buy around May?
Thanks Guys
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Thats not nearly enough information to even ask a question. ARE YOU KIDDING? What kind of investment? What for? To live in? To rent? Why do you want to purchase in May? You understand prices will be going way down for way longer than May, right?
Read a book on LA and Vegas, then read some current housing news articles, websites, and blogs, then get specific with your questions: what you want, need, where exactly you are looking in LA or Vegas, etc! Or How about you just give me the money since you don't know what to do with it  |
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