patrick.net

LAS VEGAS PRICE CHART ISSUES "STRONG BUY" SIGNAL

Agreed

Do you think a 1406 sf for 63,500 3/2.5 in gated community, detached 2 car garage is too high? It is gated w comm. pool. Just south of Aliante.

Vegas is beyond bizzarre what they have done. Brand new buildings of every type - commercial, apt, SFR, condo - all built anywhere - many vacant - like right next to the worst s-8 ghetto you could imagine.

I would only live in summerlin or similar nice gated (with guard) community. But then your problems are different, (hoa hassles vs neighbors kids break into your house when u are gone).

I was out there and a family of four begged me for change at a gas station. meth heads everywhere. You would think all the vacants might produce affordable housing - not true! The feds backstop the low end rents with the minimum s-8 payment - thus a 3/2 SFR in the ghetto rents for 800 a month, bars on windows on every other house too.

If someone speaks spanish and is ok working with these people as a landlord its probably very lucrative.

800 is a good income for 50,000 investment.

bgamall4 says

But if you want to live up on the hill, in Summerlin, the house prices are slightly up.

Gary Anderson strategicdefaultbooks.com

Investment only. What do you thinks about the price? 63,500 3/2 for south below Alliante.