As everyone knows the Real Estate market is down right now. One of the reasons is because it is election year and everyone is waiting to see who becomes our new President. The other reason is because all these Banks & Mortgage companies put home buyers into interest only/ option arms. Most of the homes purchased like this are upside down, in foreclosure, or being sold as short sales.
It is a good time to buy but be careful, many of the short sales and foreclosed homes are over priced and the values are continuing to go down. Also most of these homes are (AS IS/ WHERE IS), what is this where is crap? Is this some type of cute joke? Are they saying that the home for sale might be located in the wrong place? I am looking at purchasing another home for investment and if I did it would be for sale by owner, through an agent, not a foreclosed/ Short sale. I don't want AS IS/ WHERE IS, there could be some serious problems with the home.
Another problem is the (NEWS MEDIA). I don't have regular television at home or a land telephone line. I haven't watched the NEWS in almost 10 years and I know more about what is going on in this world than people that watch it 2-3 times per day. The NEWS is depressing, twisted with lies and information that people just want to hear. In one of my college classes many years ago, the first day of class my teacher stated 40-50 percent of the NEWS is lies. So which part of the NEWS are you suppose to believe? Stop watching the NEWS all the time and you will hear about it from everyone else, take a break. If the NEWS said the sky was falling, would you believe them? If everyone was jumping off the bridge, would you jump? Come on people, start thinking with your own brains.
Anyway, back to Real Estate in Las Vegas. Even though the market is slow in housing, Commercial Properties continue to hold in value, Vacant land also. Only one project of many such as (CITY CENTER) is going to employ 40-60 thousand people. Where are these people going to live? All the new building projects coming up in Las Vegas, someone has to build them, where are they going to live? There are construction workers coming to work in Las Vegas from all over the country and the world. These people have to live some where. Las Vegas might be rated number one for foreclosures, but that's because of the crooked Banks & Mortgage companies.
Las Vegas will continue to grow like never before, and this Real Estate slump where in is nothing compared to what's happening around the Country.
Please feel free to contact me by phone or email and I will tell you a different story than the (NEWS MEDIA).
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