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Old 06-17-2013, 10:15 PM
 
6,385 posts, read 11,886,305 times
Reputation: 6874

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Quote:
Originally Posted by VegasVicsezhowdy View Post
Those "prime asian markets" are all in massive bubbles too and about to implode. The last place anybody wants to be when the economy crash comes is in a city or in a desert. But it all sounds good on paper!
Have you been to Asia? Trust me Las Vegas is a much better place to be compared to most of it. China's coast is people piled on top of each other in cities choked with pollution and climates akin to Miami (Hong Kong) or Chicago (Beijing). You think that is where they would like to be if there is a crash?

 
Old 06-17-2013, 11:22 PM
 
1,828 posts, read 5,313,645 times
Reputation: 1702
Quote:
Originally Posted by aardogfsu View Post
I disagree, from what I see and hear and know, a lot of it is cash. Not borrowed money.
This article claims a bunch of leveraged real estate investment money is coming down the line now.
 
Old 06-18-2013, 01:24 AM
 
1,374 posts, read 2,435,554 times
Reputation: 789
Quote:
Originally Posted by Willy702 View Post
..... Oh yeah, as a bonus buy the home and if you are from one of the countries not part of the visa waiver program buying the house gets you easy entry access into the US. Should anyone be surprised foreign cash buyers are finding their way to Vegas?
I have never heard of such a thing that someone can get a easy visa to the U.S. just because they bought a real estate property in the U.S.
 
Old 06-18-2013, 01:49 AM
 
Location: Sunrise
10,864 posts, read 16,994,497 times
Reputation: 9084
Quote:
Originally Posted by Scott456 View Post
I have never heard of such a thing that someone can get a easy visa to the U.S. just because they bought a real estate property in the U.S.
If the person is rich enough, visas are not hard to obtain. Most western countries are like this. The UK, for instance, will let pretty-much anyone buy their way in for two million pounds, and will fast-track them citizenship for five million. (Violent criminals need not apply, of course.)

The US has similar programs -- and cheaper as well. The E-series (for "Exclusive") visas cover most of them.
 
Old 06-18-2013, 08:29 AM
 
244 posts, read 332,379 times
Reputation: 204
Quote:
Originally Posted by Danknee View Post
This article claims a bunch of leveraged real estate investment money is coming down the line now.
Deutsche Bank AG, the massive mortgage and tax fraud bank funding Blackstone? Who would have thunk it...

 
Old 06-18-2013, 09:45 AM
 
2,928 posts, read 3,552,260 times
Reputation: 1882
I don't see the value in this thread. observer should just lock it down.
 
Old 06-18-2013, 11:17 AM
 
244 posts, read 332,379 times
Reputation: 204
Quote:
Originally Posted by ddrhazy View Post
I don't see the value in this thread. observer should just lock it down.
I see value, the OP is an out of state investor thumping his chest because he gamed the system by purchasing a new home by obtaining a low interest primary residence mortgage and then leased the property in violation of the HOA rental restrictions.

It demonstrates what a total sham this so-called local housing recovery really is.
 
Old 06-18-2013, 11:21 AM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,157,837 times
Reputation: 3900
Quote:
Originally Posted by ddrhazy View Post
I don't see the value in this thread. observer should just lock it down.
The idea is to taunt the naysayers. I used to be one of those that were constantly "taunted" back in 2006. Had a dozen coworkers that would always talk about their increasing home values. Their homepage at work was Zillow.

It was friendly taunts "get in while you can man" or "you are missing out dude, I just made 100k".

Some made it out successfully, some didn't.


(╯°□°)╯ ︵ ┻━┻
 
Old 06-18-2013, 11:22 AM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,157,837 times
Reputation: 3900
Quote:
Originally Posted by vegasvicsezhowdy View Post
then leased the property in violation of the hoa rental restrictions.
How do you know this?




(╯°□°)╯ ︵ ┻━┻
 
Old 06-18-2013, 12:28 PM
 
Location: SIN CITY LAS VEGAS
110 posts, read 174,229 times
Reputation: 68
Quote:
Originally Posted by VegasVicsezhowdy View Post
I see value, the OP is an out of state investor thumping his chest because he gamed the system by purchasing a new home by obtaining a low interest primary residence mortgage and then leased the property in violation of the HOA rental restrictions.

It demonstrates what a total sham this so-called local housing recovery really is.
So it is a SHAM in making money? Really? How so? Please explain.
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