Re: Rock bottom
08-02-2011 10:00 AM
I must be living on another planet, because I just don't see the logic in these posts. Vegas is selling at insanely low prices-- often times at 1980s levels, so why wait and try to time the market to save a couple thousand dollars? The prices we are seeing right now aren't a true reflection of value-- 75% of transactions are bank owned or short sales, which means they are forced to sell at any price. No homeowner who can afford to hold onto their house is selling right now, and once the banks sell off their inventory, we'll see the prices return to reason. I'm not saying we'll see a huge rebound anytime soon, but give the banks a few years to unload, and we'll see a healthy return to 2002 levels.
WILL ALL DUE RESPECT HAVE YOU NO IDEA OF WHAT HAPPEN ECONOMICALLY IN VEGAS? I AM NOT TALKING ABOUT REAL ESTATE. IF YOU ARE LOOKING AT PUTTING UP SERIOUS CASH BETTER DO SOME HOMEWORK AND THAT DOES NOT MEAN TALKING TO A RE AGENT. BE CAREFUL OUT THERE AND GOOD LUCK.