[geos]

Riskiest Places For U.S. Homeowners - Forbes.com

Las Vegas, Nev.

(Las Vegas-Paradise metro area)

Percent Nonprime: 24.1%

Population: 1,863,600

Unemployment Rate: 10.0%

Foreclosure/REO Rate: 8.2%

[geos]

Ten Best And 10 Worst U.S. Housing Markets - Forbes.com

Prices are dropping quickly (down 4.81% since last month and 33% in the last year), the pace of decline is accelerating at the third-fastest rate in the nation,

[jjameson922]

Reos, my question is "WHY?" Why do you feel it is your duty as a resident of New York to inform the locals what is going on in their city?

[Fastrudy]

Not everybody on this forum is a local. Why do you feel it is your duty as a local to chastise the motives of a post?

[geos]

Originally Posted by jjameson922

Reos, my question is "WHY?" Why do you feel it is your duty as a resident of New York to inform the locals what is going on in their city?

I'm considering moving to LV among other places. It's information others might be interested in also. Now, will you stop whining?

[skisickie]

It is a perfect time to buy
I did last month
Las Vegas is so diffrent from NY, do you really want to live here is the #1 question

[airics]

Originally Posted by geos

I'm considering moving to LV among other places. It's information others might be interested in also. Now, will you stop whining?

sick and tired of non locals posting news that we already know.... and if its so bad, why do you consider even coming here.. stay in your glorified new york!

[ClarkGrisowld]

Still up 31.4% since 2000, which means prices can, indeed, fall further.

I've figured we'd see 2000-2001 prices when this bottomed, but I consider the following positives for the housing sector. Note that 2003 prices are arguably "fair value", but bubbles popping always overshoot on the correction.

1) Accelerating price declines is typical of "capitulation" and usually a sign of things bottoming. But that acceleration has to run its course, so how much further is a tough one. Most likely we'll see at least early 2002 prices, on average, before all is said and done.

2) The stock market may have bottomed. That is a HUGE factor for investors. Still a long way to go to recover, but when people start seeing some gains in their portfolio they'll have some money to put to work diversifying a bit.

3) The stimulus is going to have some effect. How long or how much it impact ultimately is a tough call. But it will help.

Optimistically, I'd say 3 months from a bottom. More realistically, 6 months and possibly closer to 9 months.

[skisickie]

I just think riskiest doesn't tell you anything. That article means nothing to me. So what if there are forclosures and the market goes down. Why does that make it risky for me?
I am missing something here. Or like always thinking out of the box again.

[geos]

Originally Posted by airics

sick and tired of non locals posting news that we already know.... and if its so bad, why do you consider even coming here.. stay in your glorified new york!

So stop reading. Since when is this for locals only? I'm tired of local whiners who are underwater blaming others for their situation. I'll go wherever I want to go without any advice or approval from you.