[ddrhazy]

2003 saw high rises but 2004-2006 saw the largest.

[VegasVicsezhowdy]

Originally Posted by ddrhazy

What's to argue about?

"The Housing Recovery" aka Investor fed dead cat bounce fueled by fake cheap money.

[Kevin_nlv]

Average unemployment rate for 2002 was at 5.9%.
So far average unemployment rate for 2013 is 9.85%

Let me remind you again about numbers from last month;
Median Price of a new Las Vegas home $240,000
Median Price of a resale Las Vegas home $170,000

Only in America you get so called recovery like this.
If this isn't a shame then what it is.

[ddrhazy]

Originally Posted by VegasVicsezhowdy

"The Housing Recovery" aka Investor fed dead cat bounce fueled by fake cheap money.

You said owner occupants are the minority. Why don't you talk about the manipulation in the other thread you created?

[VegasVicsezhowdy]

Originally Posted by ddrhazy

You said owner occupants are the minority. Why don't you talk about the manipulation in the other thread you created?

Do you not agree that absentee buyers are mainly investors? That's who's buying the majority of homes.
And what about multi-home buyers? In April 2012 there was 10 buyers who purchased 360 properties, obviously those are not owner occupants.

I did not create the other thread and I am responding to your post here so why would I post over there?

[Sloppy_seconds]

Originally Posted by VegasVicsezhowdy

Do you not agree that absentee buyers are mainly investors? That's who's buying the majority of homes.
And what about multi-home buyers? In April 2012 there was 10 buyers who purchased 360 properties, obviously those are not owner occupants.

I did not create the other thread and I am responding to your post here so why would I post over there?

Are you against ALL investors? Seriously?

[ddrhazy]

Originally Posted by VegasVicsezhowdy

Do you not agree that absentee buyers are mainly investors? That's who's buying the majority of homes.
And what about multi-home buyers? In April 2012 there was 10 buyers who purchased 360 properties, obviously those are not owner occupants.

I did not create the other thread and I am responding to your post here so why would I post over there?

I am seeing about a 50/50 split between investors and owner occupants. This is a visible trend that is in LV. What more should I say to make you understand this simple concept?

[Sloppy_seconds]

To whoever sent the anonymous comment, YES, taxes are being paid on real estate. Everyone pays their fair share.

[bledsoe3]

Originally Posted by Kevin_nlv

Las Vegas Home Sales Activity for 2002
Median Price of a new Las Vegas home $186,827
Median Price of a resale Las Vegas home $157,000

May 2013
Median Price of a new Las Vegas home $240,000
Median Price of a resale Las Vegas home $170,000

When did the housing bubble begin in Las Vegas, 2001, 2002, 2003 ????!

From these numbers, resale value is up less than 10% in 11 years. Why do some believe that the house prices are going too high?

[Scott456]

Originally Posted by bledsoe3

From these numbers, resale value is up less than 10% in 11 years. Why do some believe that the house prices are going too high?

I already said, many people are sour grape that they missed out the bargain deals in 2009-2011. Now they just wish the market will go down again.