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Old 02-15-2009, 08:25 PM
 
8 posts, read 41,464 times
Reputation: 18

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Evening,
Just wondering what you guys think would be a better investment. Im looking to spend about 200k and want to purchase the home around May. i know there are many factors but where would be the better location to buy around May?
Thanks Guys
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Old 02-15-2009, 08:32 PM
 
1,512 posts, read 4,423,502 times
Reputation: 1036
Vegas more for the money.
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Old 02-15-2009, 08:45 PM
 
Location: Sitting on a park bench...
2,753 posts, read 6,255,294 times
Reputation: 740
And people are too plastic in La La Land. You couldn't pay me enough to live in that s**t hole.
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Old 02-15-2009, 11:13 PM
 
1,966 posts, read 4,078,218 times
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The question is how long you plan on holding on to such a home? If you are planning 5 or more years, then Vegas is the best bet since there is plenty of inventory here especially with the high foreclosures in the area.

I say 5 years because I think the market will get cycle back in that time.
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Old 02-16-2009, 02:18 AM
Status: "We no longer live in a free country." (set 6 days ago)
 
Location: Somewhere.
10,403 posts, read 23,686,738 times
Reputation: 8861
If it were me, I'd pick Las Vegas over Los Angeles. Now if it were northern California, I might have a different answer.
I grew up in Southern Calif, and I have some fond memories of it. But I don't think I'd ever move back there again.
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Old 02-16-2009, 09:30 AM
 
9,124 posts, read 34,428,239 times
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$200k in LA will get you either a crack-house or a refrigerator box- if that's all you've got to spend, Las Vegas is the only reasonable choice of the two.
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Old 02-16-2009, 04:02 PM
 
Location: downtown Las Vegas
252 posts, read 865,174 times
Reputation: 102
Quote:
Originally Posted by BobKovacs View Post
$200k in LA will get you either a crack-house or a refrigerator box- if that's all you've got to spend, Las Vegas is the only reasonable choice of the two.

Can you even buy a crackhouse in LA for $200K these days?
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Old 02-16-2009, 04:33 PM
 
Location: Hawaii>SouthLakeTahoe>LA>Vegas>?
162 posts, read 443,662 times
Reputation: 76
Quote:
Originally Posted by rome777 View Post
Evening,
Just wondering what you guys think would be a better investment. Im looking to spend about 200k and want to purchase the home around May. i know there are many factors but where would be the better location to buy around May?
Thanks Guys
Thats not nearly enough information to even ask a question. ARE YOU KIDDING? What kind of investment? What for? To live in? To rent? Why do you want to purchase in May? You understand prices will be going way down for way longer than May, right?

Read a book on LA and Vegas, then read some current housing news articles, websites, and blogs, then get specific with your questions: what you want, need, where exactly you are looking in LA or Vegas, etc! Or How about you just give me the money since you don't know what to do with it
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