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Las Vegas used-homes market crashes

By Strategic Renter following x   2012 Oct 17, 7:41am 3,770 views   8 comments   watch   nsfw   quote     share    


There were 3,544 recorded re-sales in September, down 17 percent from a year earlier,
http://www.vegasinc.com/news/2012/oct/17/las-vegas-new-building-boom/

1   37108605   ignore (0)   2012 Oct 17, 7:57am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Well, it didn't take a nuclear physicist to figure that one out. I thought it was a long time ago.

2   MershedPerturders   ignore (1)   2012 Oct 17, 8:50am   ↑ like (1)   ↓ dislike (0)   quote   flag        

some of these houses WILL NEVER be desirable, because other factors like fuel prices, and just general living patterns will never fit with them.

the trend here in Phx is back to apartment and high-density living. People are tired of the burbs.

3   C Boy   ignore (0)   2012 Oct 17, 11:32pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

A median of $129k is almost affordable for a blackjack dealer.

4   MershedPerturders   ignore (1)   2012 Oct 18, 9:38am   ↑ like (0)   ↓ dislike (0)   quote   flag        

War says

That's right.

Let the prices crater, then buy later for 65% less.

DO NOT buy housing now. Tell everyone.

hello dumbass.

you wont be able to buy them, they'll buy out whole neighborhoods, 'create jerbs', remarket it at the same overinflated prices weve all come to know and love, and rip you off again!

5   MershedPerturders   ignore (1)   2012 Oct 18, 10:34am   ↑ like (0)   ↓ dislike (0)   quote   flag        

War says

Let'em crater. Then buy later for 65% less.

do you really think that banks are just going to let people like you pick them up? after they spend all this time and money engineering these markets?

6   MershedPerturders   ignore (1)   2012 Oct 18, 11:14am   ↑ like (1)   ↓ dislike (1)   quote   flag        

War says

Do you really think hiding 25 MILLION empty houses is realistic?

at this point, it's not realistic, but possible because big money owns every god damn bit of information that enters our heads. If they managed to get the US to fork over TRILLIONS while we all watched in amazement while our country completely goes to shit, just about anything can happen. This is what happens when you poison our education system, our family unit, and all the other crap liberals love to do in the name of 'equality'.

7   Strategic Renter   ignore (1)   2012 Oct 19, 5:13am   ↑ like (0)   ↓ dislike (0)   quote   flag        

bgamall4 says

While Las Vegas is not yet included, look at this article, and it has another thread just started:

http://www.doctorhousingbubble.com/feudal-system-real-estate-wall-street-new-landlord-entry-level-buyers-bidding-wars-2012/

Prices are cratering
Saw this one today 100k below 1994 price
http://www.redfin.com/NV/Las-Vegas/2681-E-Hacienda-Ave-89120/home/29510381
sellers are now getting desperate to sell before the debt foregivness act ends.

8   joshuatrio   ignore (0)   2012 Oct 19, 8:21am   ↑ like (0)   ↓ dislike (0)   quote   flag        

War says

Let the prices crater, then buy later for 65% less.

haha.. lol.


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