[olecapt]

Originally Posted by montevista1

If you were rich and had a family why would you live in one of those highrise condos. Would not you rather live in green valley or summerlin?

Why not La Jolla with a place in Turnberry? Or Tahiti with a place in NY or LA and a Pent House in Turnberrry?

Rich is relative...

[Buzz123]

Originally Posted by montevista1

If you were rich and had a family why would you live in one of those highrise condos. Would not you rather live in green valley or summerlin?

If I was rich I'd live in Carmel, CA and have a highrise to visit in Vegas about once a month. I'd also have a place in West Virginia that I would only visit in the Spring and Fall as long as temps were under 75º but not 20º below.

[SinCityModern]

I find it very frustrating that on a continual basis in this forum people talk poorly about downtown and downtown living. Crime statistics...etc. Living behind a gated community is truly a false sense of security even in GV and Summerlin.

I myself would not ever live in one of our sterile suburban areas such as GV or Summerlin. I am not a fan of the suburban life and the 2.5 kids that goes along with it. I have lived in Las Vegas for 15 years...and have always lived central/downtown and would not have it any other way.

Downtown highrises are changing the scope...and are indeed selling quite well. Soho, Stanhi, Streamline, Newport and Verge...not to mention 11th Street Lofts, Wolfson Lofts, and Juhl...what a project that is going to be!

As more projects happen there, the resources will follow...watch the area..and congrats to everyone who was progressive enought to get behind the 8 ball on it!

I just think it is important to keep in mind...that there is something out there for everyone in housing options as well as areas. In most other Cities...we are not as divisional as here. There is a new generation of people living in Vegas...generation X & Y who are taking over and have more money than time. Mid-career professionals are looking for options outside of the single family residence with a zero lot line block wall home.

[olecapt]

Originally Posted by SinCityModern

I find it very frustrating that on a continual basis in this forum people talk poorly about downtown and downtown living. Crime statistics...etc. Living behind a gated community is truly a false sense of security even in GV and Summerlin.

I myself would not ever live in one of our sterile suburban areas such as GV or Summerlin. I am not a fan of the suburban life and the 2.5 kids that goes along with it. I have lived in Las Vegas for 15 years...and have always lived central/downtown and would not have it any other way.

Downtown highrises are changing the scope...and are indeed selling quite well. Soho, Stanhi, Streamline, Newport and Verge...not to mention 11th Street Lofts, Wolfson Lofts, and Juhl...what a project that is going to be!

As more projects happen there, the resources will follow...watch the area..and congrats to everyone who was progressive enought to get behind the 8 ball on it!

I just think it is important to keep in mind...that there is something out there for everyone in housing options as well as areas. In most other Cities...we are not as divisional as here. There is a new generation of people living in Vegas...generation X & Y who are taking over and have more money than time. Mid-career professionals are looking for options outside of the single family residence with a zero lot line block wall home.

I happen to like the downtown area as well. But it does have a ways to go if you are talking family housing. I would think it will have to go through phases where it attracts the adventuresome, then the well off without children, then the not so well off witiout children...etc.

I am still inclined to take the high rises with a grain of salt. Soho is up, is very nice, and is half occupied. To sell in Soho appears to take a pretty heavy discount. They may well end up below builder numbers. And the HOA is quite steep. When Newport comes live it is going to get worse. I am quite skeptical that Verge will ever get built. It is innovative...but mostly we shoot the advanced scouts. The 11th street and freemont streets Lofts are more interesting to me. This may all sort out in a few years but not soon.

I also think you shortchange the west side of I15 with McNeil and the Scotch 80. There is lots of nice stuff in pockets throughout the area from Sahara to 95 and west to Decatur. Everything from filthy rich housing to nice low moderate.

[ChrisInNewYork]

Originally Posted by Vicman

The Trump International Hotel and Tower is scheduled to open by early 2008.

Does anyone know people who bought units in the tower? The tower, as shown, will be a mix of condominiums and hotel rooms.

If the school zoning boundaries do not change when the tower opens, it will be zoned to the following Clark County School District schools:
* Paradise ES
* Orr MS
* Clark HS

(This is based on the school locator tool and the address given - 3128 Las Vegas Boulevard South)

I'm a buyer for the Trump Tower. It is an investment and I'm still learning about the area. But I have learned enough that the purchase is a good investment as long as it's on the strip. The state of Nevada is now the number one state for mortgage foreclosures which the strip has not been effected.

[sheriff]

Originally Posted by ChrisInNewYork

I'm a buyer for the Trump Tower. It is an investment and I'm still learning about the area. But I have learned enough that the purchase is a good investment as long as it's on the strip. The state of Nevada is now the number one state for mortgage foreclosures which the strip has not been effected.

It's coming: Las Vegas SUN: Seeing no profits, condo owners sue (broken link)

[olecapt]

Originally Posted by ChrisInNewYork

I'm a buyer for the Trump Tower. It is an investment and I'm still learning about the area. But I have learned enough that the purchase is a good investment as long as it's on the strip. The state of Nevada is now the number one state for mortgage foreclosures which the strip has not been effected.

Who told you that? There are REPOs for sale in Turnberry. I think it probable that there will be a lot in Panorama. Good investment? Not soon. Maybe in 5 or 10 years.

The little condos in the MGM Signature have a 15 year inventory. Forty of them just filed suit.

I don't do much except resale but I have worked trying to get a couple of people out of deals. Tough.

I suspect some will catch on and others won't. City Center will likely be big. I don't know enough about Trump to have an opinion. An indicator that it is going to work out OK will be the groundbreaking of the second tower. Local blogs claim the room rental split on Trump is not good...

[airics]

i was reading the link in sheriffs response, in the signature, the maintenance fees are $1000+ per month???????

[olecapt]

Originally Posted by airics

i was reading the link in sheriffs response, in the signature, the maintenance fees are $1000+ per month???????

That is not particularly high. You have obviously never shopped high rise condos. Even the tower in the LV Country Club...which I still consider best of breed for living near the strip, has very large maintenance fees. They get to be half or more of your mortgage payment. Also high in places like Spanish Trails and Lake Las Vegas.

[nemspy]

I can't say I'm a fan of all the condos going up on and around the strip. Nothing more bland than high-rise condos to take away from the flashy casinos. Give it 20 years we will end up with MGM-Mirage's homogenised family of casinos surrounded by 100 condo buildings. bleh