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JAWS
2012 Nov 15, 12:18am
Carducci22. LV is a gaming town in the desert; it's always been a place with hope for those on the edge. There are 3x the available rentals now than there were at the start of the year. Rental mkt is weakening, competing prices. Too late. It peaked in Feb, now there are too many Johnny-come-lately's and many of them will lose, remember it's a gaming town.
My overall opinion is that it's too late to buy to rent. Too late to buy to flip. And, LV is not a nice place to call home. Lots of people do love it but they came from a fly-over state, not a nice one like Cali. If you can tolerate a desert town, go to Phx. Either place, you'll rent to strippers, pole dancers and go-go girls. They're the only ones making a lot of money. Don't rent to a plumber, the stripper can always get the plumber's money. This is a gaming town.
JAWS, I got the picture. I would rather stick to Cali.
Thanks a million! You are a truly smashing guy.
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I am looking to buy in LA.
I have a young family, I want a good school district.
I have $400K + cash on hand.
I need advise.
Which area? Is culver city out of question?
Is it a good time to buy in LA?
What's your overall suggestions?
I appreciate any good comment.