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Old 05-22-2011, 03:17 PM
 
4,538 posts, read 10,634,297 times
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Quote:
Originally Posted by Sheryl_Jones View Post
What about tiny 2 bedroom small houses, those ones on postage stamp size lots, are those good places to live or better to rent out and are they rentable at a good price? Do they have appreciation value in the future as resales for owner occupants or resales as perpetual rental properties? For appreciation purposes, in the Las Vegas market, would that take years or decades to come back?
You figure out normal appreciation on a Vegas place at current prices(normally 2-4% per year historically) and tell me when you think you'd start seeing an appreciation you area happy with(after factoring in the costs to fix up, maintain, and sell the place).
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Old 05-22-2011, 05:05 PM
 
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Is it already starting to appreciate at 2% to 4% rate in Las Vegas?
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Old 05-23-2011, 08:22 AM
 
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Quote:
Originally Posted by Sheryl_Jones View Post
Is it already starting to appreciate at 2% to 4% rate in Las Vegas?
No, and that was my point.

Its not even starting to appreciate, nor is it likely in the next few years. Add normal appreciation into that mix and you are looking at 10-15 years out to even break even on a buy/sell basis.
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Old 05-23-2011, 09:06 AM
 
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Has anyone started any REIT investment vehicles for the LV market yet, with longer term goals in mind, where you can buy just a few shares in the REIT instead of having to buy a single property on your own?
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Old 05-23-2011, 05:43 PM
 
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Quote:
Originally Posted by Sheryl_Jones View Post
Has anyone started any REIT investment vehicles for the LV market yet, with longer term goals in mind, where you can buy just a few shares in the REIT instead of having to buy a single property on your own?
The beauty of a REIT is diversity...why anyone would want to invest in a localized and specific sector is beyond me. I haven't seen any that are that specific, but the commercial REITs I have have performed well.
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Old 05-23-2011, 06:16 PM
 
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That's what I meant, to diversify the risk by spreading it out over more people instead of taking it on all on one's own, then the REIT, specializing in all types of properties but only in Las Vegas, would allow the benefit of for a small amount, investing in various property types and not just in a single rental that might not work out just on its own.
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Old 05-24-2011, 03:27 PM
 
Location: Las Vegas
3,728 posts, read 9,477,975 times
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Default 10 Cities Where It's Better to Buy Than Rent

10 cities where buying beats renting

Affordable homes are the upside of the continuing crisis in the housing market. Here are places where it could make more sense to buy.

By U.S. News & World Report



10 cities where buying beats renting - homes vs. apartments - MSN Money
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Old 05-24-2011, 03:56 PM
 
412 posts, read 916,245 times
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Quote:
Originally Posted by MomMom View Post
10 cities where buying beats renting

Affordable homes are the upside of the continuing crisis in the housing market. Here are places where it could make more sense to buy.

By U.S. News & World Report



10 cities where buying beats renting - homes vs. apartments - MSN Money
They say you can expect a 42% gain on your purchase over the next 5 years.
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Old 05-24-2011, 04:07 PM
 
Location: Las Vegas
3,728 posts, read 9,477,975 times
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Quote:
Originally Posted by Tires View Post
They say you can expect a 42% gain on your purchase over the next 5 years.
I know...I saw that, I don't know who the optimist is who wrote that, lol.

In my opinion, I don't believe that's true at all. With more and more foreclosures hitting the market, it's going to take a long time to clear out most of them and only until then, when supply starts falling short of demand, will home values start picking up again.
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Old 05-24-2011, 04:41 PM
 
4,538 posts, read 10,634,297 times
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Quote:
Originally Posted by MomMom View Post
I know...I saw that, I don't know who the optimist is who wrote that, lol.

In my opinion, I don't believe that's true at all. With more and more foreclosures hitting the market, it's going to take a long time to clear out most of them and only until then, when supply starts falling short of demand, will home values start picking up again.
Its going to be longer than that.

Interest rates rising up to historical norms will flush investors out of the Las Vegas real estate market.

Half the purchases over the past few years have been investors, many of whom relied on the rosiest of investing models, and therefore overpaid.

It means a continuation of available supply long after the current and future forclosures clear out of the system.
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