[Stop the madness]

Renters are everywhere in Las Vegas, in every neighborhood.
Regardless of the "Housing Recovery" Las Vegas has added more renters then homeowners since the
housing bubble burst.

Are Las Vegans becoming much more comfortable with renting?
Is this a temporary trend of something more permanent?

[von949]

Better than having a bunch of "home owners" that can't afford their mortgage.


(╯°□°）╯ ︵ ┻━┻

[FML157]

if the price is right.... renting may be better financial option for some people. Being a homeowner comes with a lot of responsibilities and costs (more so in older homes).

[BBMW]

If investors are driving up the sales prices, and then have to dump those units on the rental market (and need to keep them rented to have cash flow), that will have a serious effect on the buy vs rent calculation. If the cost to buy vs rent is more expensive, it may pay to rent, especially considering the added flexibility/liquidity that renting offers.

[Kitchen Witch]

Renters are people too. I'd rather have a responsible renter as my neighbor than a homeowner squatting in their house and refusing to pay their mortgage, letting the house and grounds go to ruin while they wait for their bank to make them leave

[observer53]

Multiple posts deleted. Discuss the topic (which has been discussed in the past) or leave the thread alone.

[stockups]

do not know about you but I rather have home owners I see what renters are doing to my neighborhood they are turning it into a pig pen

[modhatter]

As a general rule, a homeowner will take much better care of their property than a renter will. There may be an exception here or there, but it is definitely not the rule in most cases. Homeowner's letting their home go while in foreclosure is a different category all together.

My next door neighbor did this. The home was sold in a foreclosure sale, and the new owner (whoever it is) is just letting it sit and go to hell as well. Grass is dead and everything else is dying too. (no water) Why HOA allows people who buy these properties to do this is beyond reason. They can't exactly claim they have no money since the just paid out $170,000 in cash for it.

[007 license to sell]

Most of the renters are previous home owners that finanlly gave up trying to work things out with the banks.

[lvoc]

Originally Posted by 007 license to sell

Most of the renters are previous home owners that finanlly gave up trying to work things out with the banks.

I agree with my colleague. In gneral most people take care of their home.

I believe renters have a higher abuse of house rate than owners. But only by 10 or 20%.

The best check is olecapt's standby. Stand in the middle of the street around 6PM. Rotate 360. If you count more than 6 pickups be careful. If more than 12 don't move there.

I don't claim to know how it works (For any number of reasons) but it does seem to correlate well with the pain inflected by a neighborhood.