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Old 03-13-2009, 12:11 AM
 
5 posts, read 11,697 times
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Hello, I am currently doing research for a Professor who is writing a book about the financial crisis. One of my tasks is to profile a Las Vegas suburb that has been hit particularly hard by the housing crisis (very high foreclosure rate, etc.)

Does anyone have any suggestions about which suburb would have the most interesting story to tell? Unfortunately, I am rather clueless about Las Vegas geography.

Also, once I decide on which suburb to profile, I likely will be looking to interview people from that area that have experience the crisis first hand.

Thank you in advance for your help.
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Old 03-13-2009, 12:21 AM
 
5 posts, read 15,793 times
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Sure. Maybe I can help you out. I've been been in residential development for more than 10 years in Vegas working for some of the big names in the housing industry; both public and private.

I'm a finance guy who primary role in these companies was to part of the acquisition team responsible for doing the due diligence needed inorder to buy large tracks of land.

I'm currently selling real estate and have a consulting company that focuses on real estate development turn arounds.

If you want to contact me, just let me know and I'll let you know how to get in contact with my brokerage here in town.

Best of luck.


RR16
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Old 03-13-2009, 01:07 AM
 
Location: South Strip, NV --> Philly (Fall 2009)
2,404 posts, read 9,524,988 times
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Providence, Mountains Edge, and Inspirada, those would be my suggestion to touch on...
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Old 03-13-2009, 09:18 AM
 
Location: Las Vegas
3,728 posts, read 8,212,165 times
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Most of the "newer" developments and communities are going to have high foreclosures. The kewlkid gave a couple good ones, also look in Aliante in North Las Vegas.
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Old 03-13-2009, 10:01 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,484,948 times
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In general 89131,89143 and 89149 in the NW. Parts of 89138 in Summerlin. 89178 and 89141 in the South and SW. 89052 in Henderson.

Some specifices with very strong hits...

Silverstone Ranch
Iron Mountain Ranch
Beazer at Grand Teton
Beazer at Lone Mountain
Sun City Aliante
Chateau Versaille
Providence - Any

Southern Highlands
Mountain Edge
Inspirada
Sun City Anthem

A nice apartment complex that turned into a virtual nightmare was the Villas at Desert Shores. (Broadstone in county records) Crime went to very high levels but has settled back. Place is still unstable. The swimming pools were locked down for years and likely still are.


There are many more but that gives a pretty good flavor.
Note that other places like 89134 or 89012 are barely touched.
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Old 03-13-2009, 02:30 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 485,199 times
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Quote:
Originally Posted by Clorinsk View Post
Hello, I am currently doing research for a Professor who is writing a book about the financial crisis. One of my tasks is to profile a Las Vegas suburb that has been hit particularly hard by the housing crisis (very high foreclosure rate, etc.)

Does anyone have any suggestions about which suburb would have the most interesting story to tell? Unfortunately, I am rather clueless about Las Vegas geography.

Also, once I decide on which suburb to profile, I likely will be looking to interview people from that area that have experience the crisis first hand.

Thank you in advance for your help.
Throw a rock. You'll hit an area. West, East, NW, SW, SE, Summerlin, North - they're everywhere.
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Old 03-13-2009, 04:11 PM
 
Location: Here and there, you decide.
11,575 posts, read 22,673,604 times
Reputation: 3882
Quote:
Originally Posted by rpachigo View Post
Throw a rock. You'll hit an area. West, East, NW, SW, SE, Summerlin, North - they're everywhere.
That's not nice! He might break a window!
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Old 03-14-2009, 10:21 PM
 
Location: Toledo, OH
1,725 posts, read 2,903,357 times
Reputation: 1270
But nobody lives there, so at least he won't hit anyone.
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Old 03-16-2009, 01:51 PM
 
5 posts, read 11,697 times
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Thank you all for your suggestions and please keep them coming.
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Old 03-17-2009, 01:12 PM
 
5 posts, read 11,697 times
Reputation: 10
I have decided to profile Mountain's Edge. Therefore, if anyone can be of specific help with respect to Mountain's Edge, please feel free to post here or contact me. Any personal anecdotes or insights could be very helpful.

First of all, does anyone know which zip codes Mountain's Edge encompasses?

Also, while I have yet to do any significant digging, if anyone has easy to access information regarding these statistics, please feel free to point me in the right direction:

-Average/Median House Price (2003-2009)

-Current foreclosure rates

-Any other relevant statistics that could tell the tale of the community (crime rate trends, etc.)

Thank you all again for all your help.
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