2020 May 21, 8:03pm
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I moved to vegas recently.I live in a lovely townhouse complex, about 4 miles from the strip where i am currently renting a 3br/2ba, 1700 sqft townhome valued around maybe $275k for $1500/month. My neighbors were telling me these exact townhomes were trading hands for $45k during the 2009 crises. I'm excited to see how far vegas real estate can fall during the covid crises.I'd love to buy my current rental for $100k! I'd buy as many as the bank would allow at that price
Buy now or miss out on paying property taxes to pay the rich pensions of California public goldbricks.My new neighbor pays about $18,000/year, forever.
We are one month of lockdown away from deflation.
But two to three years from now? If this nation still exists, prices will be higher than ever, for both stocks and real estate,