[Kaiminani]

Originally Posted by 007 license to sell

"...It is a fact that prices are at a all time low ..."

Is this really true? Even in Vegas prices seem to be around the 2000-2003 levels. Accounting for inflation, that makes them even cheaper than pricing from those years, but it doesn't seem like an all time low, especially in other parts of the country.

[lvkewlkid]

Originally Posted by gulfer

While I like your premise Gomez, that everyone deserves affordable housing, I have to disagree. First, What is affordable to some, is not to others. Second, If you spent your late teens and early twenties hitting the books and earning that degree, you're probably going to have a higher paying job and be able to afford a home and what comes with it. If you took it easy through high school, maybe you didn't finish, now you feel entitled to have a home, I don't agree. The American Dream isn't a hand out, it's working for what you want.
I'm not unsympathetic to those who can't buy a home, I just feel that the choices that are made from the time you are a young teenager ultimately affect how you'll end up.

and then there are those people that have 2 master's degrees and are told they are overqualified, so therefore they also don't own a home...

[olecapt]

Originally Posted by 007 license to sell

Olecat I beg to differ on the stats that they are irrelavant to Vegas. Here is a link to the GLVAR that gives the current year to date stats and every one of the zipcodes still are declining in Value.

http://statspak.firstamericanmls.com/LVARStat/statRpt%20Comparison2.pdf

YOY data. Not relevant to the present trend...see

https://www.city-data.com/blogs/blog5...re-spring.html

https://www.city-data.com/blogs/blog5...good-sign.html

[ocean2026]

Olecap yes Las Vegas is different- 62% of those who bought in the last 5 years are underwater - WAY MORE AND WAY WORSE than the rest of the US. I had posted that link earlier.

[ClarkGrisowld]

interesting times...

[tony soprano]

Something's got to give.

[rpachigo]

The present trend cannot hold.

[007 license to sell]

Originally Posted by Kaiminani

Is this really true? Even in Vegas prices seem to be around the 2000-2003 levels. Accounting for inflation, that makes them even cheaper than pricing from those years, but it doesn't seem like an all time low, especially in other parts of the country.

Actually in some area's the prices are touching 1998 levels, this is a great time to buy . But if you have to finance you really need to keep and eye on the rates. One thing is when rates go up it does drive prices down as well as the economy right now.

[Kalbo]

I will not call myself a real estate expert but, now it certainly a great time to buy a house here in Vegas.

[ocean2026]

Kalbo based on what numbers do you say its a great time to buy? Based on the fact that you can type a sentence that says so? How about some intelligent reasoning - pro or con