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02-28-2009, 10:14 AM
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Senior Member
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Join Date: Mar 2008
Location: occupied east coast
286 posts, read 218,967 times
Reputation: 218
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If you haven't read the referenced article linked by the O.P., do so.
The article is pure propaganda. It does not make sense on it's own merits, let alone a critical eye.
Full recovery is defined as ONE (1) new house sale per tract per WEEK.
O.K. that's a grand total of 52 houses PER YEAR!!!! And, this is defined as recovery(?).
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02-28-2009, 12:00 PM
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Saepe errans, num quans hesitans
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Join Date: Sep 2006
Location: NW Las Vegas - Lone Mountain
9,899 posts, read 8,692,618 times
Reputation: 1300
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Quote:
Originally Posted by banger
If you haven't read the referenced article linked by the O.P., do so.
The article is pure propaganda. It does not make sense on it's own merits, let alone a critical eye.
Full recovery is defined as ONE (1) new house sale per tract per WEEK.
O.K. that's a grand total of 52 houses PER YEAR!!!! And, this is defined as recovery(?).
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There are hundreds of tracts.
Still does not compute though. I do not think it can happen until the existing sales reach something close to replacement costs. I don't think that happens by 2011. |
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03-02-2009, 08:33 AM
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Senior Member
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Join Date: May 2007
Location: Fort Worth and Las Vegas
248 posts, read 138,777 times
Reputation: 67
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Quote:
Originally Posted by airics
so who wants to give me 270k for my rental house that is now worth 140k? i'll throw in a 19" color tv from walmart....
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That's pretty impressive. I'd like to think I'd have the moral turpitude to keep paying if I had a drop like that if I had the means to do so - but I don't know. We should thank you for keeping the economy going in your own little way. |
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03-02-2009, 08:50 AM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,071 posts, read 2,704,395 times
Reputation: 376
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would you take it at 270k, if i throw in a 27" tv AND a 6lb burrito?
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03-02-2009, 10:18 AM
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Senior Member
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Join Date: Jul 2008
654 posts, read 276,965 times
Reputation: 230
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So I should NOT buy a house in Vegas right now???
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03-02-2009, 10:29 AM
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Senior Member
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Join Date: Feb 2009
482 posts, read 277,628 times
Reputation: 65
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Extrapolate the price off of the downward curve. It's a good time to buy in a good neighborhood.
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03-02-2009, 10:29 AM
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Senior Member
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Join Date: Apr 2008
Location: Las Vegas, NV
202 posts, read 107,512 times
Reputation: 121
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Quote:
Originally Posted by drinkme
So I should NOT buy a house in Vegas right now???
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Not if you plan on selling it within the few years. If not, now is the PERFECT time to buy! My co-workers girlfriend is an elementary school teacher here and put in an offer on a 3 bedroom, single family home in a decent neighborhood for $92,000!
I plan on buying sometime this year.. Wish me luck! |
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03-02-2009, 12:06 PM
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Senior Member
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Join Date: May 2007
Location: Fort Worth and Las Vegas
248 posts, read 138,777 times
Reputation: 67
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Quote:
Originally Posted by airics
would you take it at 270k, if i throw in a 27" tv AND a 6lb burrito?
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Is that pesos or rupees you'll be wanting? |
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03-02-2009, 12:36 PM
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Member
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Join Date: Mar 2009
16 posts, read 7,239 times
Reputation: 10
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Quote:
Originally Posted by tag08
Not if you plan on selling it within the few years. If not, now is the PERFECT time to buy! My co-workers girlfriend is an elementary school teacher here and put in an offer on a 3 bedroom, single family home in a decent neighborhood for $92,000!
I plan on buying sometime this year.. Wish me luck!
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I'll be moving to LV Apr of 2010. If the market stays the way it is now I'm hoping to make out. I'm looking at houses that went for $600k in 07 for around $280k now. Using zillow.com as my source that is. |
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03-02-2009, 02:07 PM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,071 posts, read 2,704,395 times
Reputation: 376
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Quote:
Originally Posted by rpachigo
Is that pesos or rupees you'll be wanting?
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Pounds |
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