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Old 10-31-2012, 10:37 AM
 
Location: Pleasanton, CA
2,406 posts, read 6,045,302 times
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Quote:
Originally Posted by luau View Post
WOW. This opened my eyes. I've known real estate in other parts of the country was cheaper but I wasn't sure if you could still get a house for 100k. Thanks for the information.

I wonder if there's a lot of people in the Bay Area that buy houses in say, Las Vegas and rent them out and make bank that way. Do you know how much the down payment for these houses are?

I personally know a few people myself who own houses in Las Vegas. One of my wife's best friends lives in a house in Vegas that's owned by her parents as an investment property.

Californians snatching up properties in Las Vegas is a huge contributing factor to their building boom in the 90's/early 2000's that has resulted in a housing bust there. It's very common for homes in Vegas to be owned by CA investors. One of my co-workers who owns in a home in a gated community as a rental there has told me that almost every homeowner on her particular street is from CA.
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