patrick.net

I heard cannibal anarchy is going to begin from LV. :)

If all that inventory out there never gets sold off and converted to rentals also.

Anyway, I heard rents there are pushing down to the $800-900/mo range in several areas for 3bd/1ba homes.

Like this:

http://lasvegas.craigslist.org/apa/2863853997.html

or this:

http://lasvegas.craigslist.org/apa/2906575870.html

$950 for a 1400 sq ft house which can easily sell for 1 million in CA !

I will rent 10 of them and rent out !

xenogear3 says

I will rent 10 of them and rent out !

To whom?

LASVEGASWINNER says

There are 157 HUD Properties selling below $90,000 that can rent for $1000 a month, giving the investor 13% to 15% ROI if you get 10% down investor financing thru HUD.

Larry Roberts who runs OC housing (formerly Irvine housing) blog has started an investment fund focused on these kinds of deals in Las Vegas.