[Californiapch]

>>> It also suggests the Las Vegas market is still probably 30% under valued.



I would think this too.



Maybe do a comparison on what it would cost to build a place ( in today's dollars ) that you are wanting to buy.


I seen one condo complex a while back ( 1.5 years ago when I started looking ) being finished off ( after they built maybe 3/4 of the complex and stopped in 2008 ) and they were being sold between $120,000 and $140,000 but i could see short sales of the same type going for $55,000-70,000 in other area's of Vegas.

So, if you can buy a place now for $75,000 or $85,000 that kinda costs $135,000 to build.... I would think your buying at a decent price even if the market is iffy and fluctuates a bit in the years to come.... till things get somewhat back to normal. YES, it could take 5-10 years for things to get back to normal.

[VegasVicsezhowdy]

http://vegaspropertyinvesting.com/th...omic-collapse/

"We will see a crisis by 2016 that makes the 2008 crisis pale in comparison. Those who don’t believe will see their financial lives collapse before their eyes. There’s really not that much time, and things should start unraveling in 2013. We personally plan on buying all the real estate we can in 2013 and 2014 before it really hits the fan."

[VegasVicsezhowdy]

Investors are trying to outrun a Tsunami. What they should really be concerned with is the "Rule of Three":

1) You can't go without air for more then three minutes.
2) You can't go without water for more then three days.
3) You can't go without food for more then three months.

Howdy.

[newopty]

Originally Posted by VegasVicsezhowdy

Investors are trying to outrun a Tsunami. What they should really be concerned with is the "Rule of Three":

1) You can't go without air for more then three minutes.
2) You can't go without water for more then three days.
3) You can't go without food for more then three months.

Howdy.

What?

[FWPeter]

Originally Posted by VegasVicsezhowdy

Investors are trying to outrun a Tsunami. What they should really be concerned with is the "Rule of Three":

1) You can't go without air for more then three minutes.
2) You can't go without water for more then three days.
3) You can't go without food for more then three months.

Howdy.

Don't' forget toilet paper, i need toilet paper.

[Tarara Boomdea]

Originally Posted by VegasVicsezhowdy

http://vegaspropertyinvesting.com/the-economic-collapse/

"We will see a crisis by 2016 that makes the 2008 crisis pale in comparison. Those who don’t believe will see their financial lives collapse before their eyes. There’s really not that much time, and things should start unraveling in 2013. We personally plan on buying all the real estate we can in 2013 and 2014 before it really hits the fan."

Now that's a little disconcerting. I have to read the rest of the articles on the site.

I wonder why they haven't posted anything after the end of 2012

[aardogfsu]

Not sure what the numbers are with stuff coming on the market, but I have about triple the daily emails regarding properties that fit my search criteria this week as I had 3 weeks ago. Searching SW condos and homes under $300k.

[tbill618]

Beware of unintended consequences as Legislature begins work

[tbill618]

Originally Posted by VegasVicsezhowdy

The Economic Collapse

"We will see a crisis by 2016 that makes the 2008 crisis pale in comparison. Those who don’t believe will see their financial lives collapse before their eyes. There’s really not that much time, and things should start unraveling in 2013. We personally plan on buying all the real estate we can in 2013 and 2014 before it really hits the fan."

That works if the Fed loses control of the currency and inflation. I don't think this will happen because we have a bond market which has already signaled it is nervous about inflation caused by QE. In the end, I think deflation wins. If that is true we will get another blow out in the stock and RE markets.

But i could be wrong.

[BBMW]

The fed has been doing all it can to cause inflation (not as a goal, but as a logical endpoint), but it hasn't happened. That tends to suggest that there are strong deflationary pressures.