[ocean2026]

This is good news for renters although people won't come to Vegas just for low rent they need employment.

The advice I gave potential buyers for the last couple of years is to rent first - learn the market and watch prices decline.

People who have bought a house or condo thinking they will rent it out find competition from those who wait and buy cheaper and are able to survive on less rental income.

http://www.lvrj.com/business/rental-...-83404197.html

[airics]

must depend on the area, mine went up

[JM95]

I recall reading an interview with some old comedian, and he said that back in the "great" depression, his family moved every few months because lease terms were month-to-month, and everybody was offering specials, and prices kept dropping.

I'm sure there are a growing number of rental surfers now in vegas.

[KidsinVegas]

Rents are only dropping in the crappy areas and complexes.

There is still demand in the good areas.

If you factor in HOA and Property Taxes - a decent privately owned 2 bedroom will require $400 a months just to cover Tax and HOA... now you add the going rate of an average mortgage on the property ($600 a month on a 100,000 loan) and it's easy to see why owners are asking $1,200 a month and not $800.

You can look at tons of complex ads on Craigs along with all the scams and spam.

Finding a good price on a quality property is not easy.

[airics]

Originally Posted by KidsinVegas

Rents are only dropping in the crappy areas and complexes.

There is still demand in the good areas.

If you factor in HOA and Property Taxes - a decent privately owned 2 bedroom will require $400 a months just to cover Tax and HOA... now you add the going rate of an average mortgage on the property ($600 a month on a 100,000 loan) and it's easy to see why owners are asking $1,200 a month and not $800.

You can look at tons of complex ads on Craigs along with all the scams and spam.

Finding a good price on a quality property is not easy.

actually the tax on a 100k property if you appealed and did it the right way is going to be closer to $1000 a year ($85 mo) and the hoa should be around $50 a month.. 100k = $550 so totals out to just a shade under 700. but you are not going to find this in the good areas...1200 is a decent figure for a home for rent...

[tag08]

I had a realtor show me some nice townhome rentals and found a cute little 2 bedroom in a guard gated community in Northwest Vegas for a VERY reasonable price. Much closer to the $800 than the $1200.

[airics]

Originally Posted by tag08

I had a realtor show me some nice townhome rentals and found a cute little 2 bedroom in a guard gated community in Northwest Vegas for a VERY reasonable price. Much closer to the $800 than the $1200.

was referring to a home, not apartment, condo, or townhouse.. those can be had anywhere from 500-1000