Vegas Residents

[queen of hearts]

You would think that an area such as Las Vegas wouldn't have problems with the need for senior citizen housing, people living in tunnels and such.

I mean Las Vegas is like the richest place in this country, yet they still have money problems just like everyone else.

I wouldn't mind taking a vacation there for a week or two, though I sure wouldn't want to live there.

What do you all think about this. I mean do you think that an area which has so much money should have so many problems like every where else in the country??

[Antonio]

I suggest you to opt for a good real estate agent who may help you out in securing a good property investment for yourself. Real Estate market in Las Vegas is a blooming market and one should consult a good real estate agent to get a clear idea of the current property market scenario.

[IluvVegas]

Hello there Antonio and welcome to our forum. We are always glad to have new people join us. And we hope to hear more from you in the future.

I am going to do some research to see just how well the real estate market in Las Vegas is actually doing. And the need for a good real estate agent is of the utmost importance when anyone decides to buy.

As to the homeless etc, I think that some people opt for that kind of life, while others have no choice, and thats a real shame.

[vegasrocks]

I was just reading a bit on the real estate market in Las Vegas and from what I understand, foreclosures are still up. There are properties in abundance on the market priced well below their value.

As a matter of fact a home that Nicholas Cage previously owned has been foreclosed on. He bought it in 2006 $8.6 million. It has seven bedrooms, a six person steam room and closets the size of small apartments. He later sold it. The next owner bought it for $4.2 million but it has now been foreclosed on.

I guess there are a lot of high end homes like this on the market as well as more median priced homes.

If you can afford it now seems to be a great time to find a deal in Las Vegas.

I would also suggest that you use a good realtor to find a bargain.

A growing number of high-end homes are selling at a loss or facing repossession by lenders in Las Vegas, which already has the highest rate of foreclosure filings among large U.S. cities.

Oh and welcome Antonio! Enjoy the site!

[VegasLuvsMe]

I think investors are more interested in the oil market right now instead of buying homes.

If and when the economy every turns around, all those homes that could have been bought for a small price may double in price in the future.

If I were a multi-millionaire or billionaire (I know, it's easy to say) I would buy up a lot of houses and land that's been foreclosed on and use my bank interest for the upkeep of those properties (tax breaks too).

Oil will be there for probably another hundred years or more. I guess I don't know the income figures for oil and fuel.
They've got to be pretty high though; bargaining for future pumped oil as prices go up and down (a lot of new people in the oil bargaining business is what's driving gas prices up).

Now for the reality in Las Vegas, I would think now is a good time to buy property since there are so many foreclosures.