Tips For Getting Las Vegas Deals

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Perhaps there aren’t too many people on earth that don’t want to go Vegas once in a while. It’s a place where literally everyone and anyone can let it all hang out. They say what happens in Sin City stays in Sin City. You should keep in mind that the place is often referred to as SIN CITY. One may wonder what needs to stay there.

Nevertheless, you won’t have a problem finding Las Vegas deals and specials on lodging and airfare at almost any time you like. The wheeling and dealing simply never stops in this city because it is so busy and popular. So are you ready for an exciting getaway?

What to do; what to do! Chances are if you’re roaming the streets of Las Vegas, you won’t have too much difficulty finding something fun and exciting to do while you’re there. No one ever said it was all about gambling.

I mean sure, oodles of people take advantage of Las Vegas deals every year in order to get their hands on a set of dice or a blackjack table. But, that doesn’t mean you have to follow suit. My buddy is always complaining to me about how much dough he and his girlfriend lost in Vegas. They cruise on over there from California on a regular basis. My advice to him is to stop gambling and take in more of the cool sites.

No offense to all the gambling nuts out there, but I just don’t see the appeal. Supposedly there is some sort of rush when you toss those dice, but I just feel annoyed that my wallet will suffer. I’m not into giving away free money, and that’s pretty much what gambling is if you ask me.

The chances of winning are way too high in favor of the casino and then they don’t even want you to use your brain and count the freaking cards. They are basically ripping people off their money but some people still find it irresistably fun.

You can find what you are looking for about Las Vegas deals on the Internet. By looking into cyberspace, anyone can find amazing getaway specials especially in Vegas.

Make sure to avail of Las Vegas deals that take care of your airfare and lodging in advance, and perhaps even a few of your meals as Vegas is known for their buffets. In this way you can just focus on just having fun the whole time you are there.

Article by Chris Bradley, you can learn more about him at his profile

Nov
11

Awesome Las Vegas Hotels

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If you’ve been craving that trip to Las Vegas then there is no better time than the present to be able to make the trip. Millions of people each year flock to Las Vegas in search of treasure and hitting it big on the Las Vegas strip and casinos. But if you’d like to go to Las Vegas than an important issue that you’ll have to figure out is where you’ll stay the whole time that you’re there. Yes, there are your average hotels that can be found all throughout Las Vegas, but some of the more interesting and world renowned hotels should be the ones that are chosen in order to truly experience the Las Vegas vacation of a lifetime. Here are some of the better hotels to consider if you’re planning a Las Vegas getaway for yourself:

Bellagio Las Vegas Hotel and Casino

Whether you want to relax or come to have a good time at the casino, there is plenty to do at the Bellagio Hotel that is known not only for the Las Vegas location, but also for the luxury that everyone gets to experience while staying there. For example, everything from the food to the rooms that are stayed in and there is no turning back once one sets foot in the Bellagio Hotel. Furthermore, the casino scenery that’s attached to the hotel is like one big amusement park for adults. Whether you want to play Blackjack or scramble your hand against automatic shuffle machines, there are plenty of options.

Mirage Hotel

Perhaps one of the other very well known hotels throughout Las Vegas and the world is the Mirage Hotel and Casino. As with the Bellagio, many people who get to stay here love the whole experience of it. However, many people consider the Mirage Hotel and Casino to be high-ranking just because of the quality that is offered for such reasonable prices. Everything from the rooms to the food have reasonable prices, which is the reason that it makes it perfect for anyone visiting Las Vegas to afford. There are also attractions within this grand hotel, though. For example, animal attractions are available where you can experience exotic cats as well as aquatic life like dolphins. Good food, music, rooms, and entertainment all combine to give everyone the perfect Las Vegas experience!

Treasure Island Hotel and Casino

Many people rank the Treasure Island Hotel and Casino to also be very up high on the list just because it is also financially-friendly meaning that the rooms won’t cost you a fortune and the food won’t be scary to eat, either, since it’s not too expensive. Of course, this Las Vegas Hotel is aimed at the young adults who’ve come to Las Vegas to find their dreams and you’ll be able to tell that from the outside Treasure Island decor.

All in all, there are plenty of hotels and casinos to enjoy while you’re in Las Vegas to have a great vacation. Whether you want to experience the luxury of the Bellagio, though, or you are looking for a more economical vacation, there are a full range of options for everyone!

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Sep
9

Enjoying The Las Vegas Life

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If you have ever wanted to experience the magic and mystery of Las Vegas life then there are all sorts of opportunities and ways to do just that. Whether its the ideas of the casino that you enjoy or you simply want to stay in one of the grand hotels for a week’s vacation, there is literally everything to do while in Las Vegas. What’s more, all of the stuff that there is to do seems to be on just a 4-mile stretch of land called the Las Vegas Strip. There is plenty to do and see all over the Las Vegas area, though, not just the casinos. But if you’re visiting Las Vegas then chances are that you’ll want a taste of what the Las Vegas life really feels like.

The City that Doesn’t Sleep

Even though most of the time the phrase “The City that Never Sleeps” means that someone is referring to New York City, but imagine trying to sleep in a hotel or resort where lights are coming through your window, there are sound and light shows all over the place, and tourists and people of all ages are touring the streets at all hours of the night. Indeed, Las Vegas seems to be the place and city that never sleeps because there are actually some lights that stay on for twenty-four hours a day. In addition, with twenty-four hour restaurants and casinos that can be enjoyed the whole night long, who has any need for anything else during their stay in Las Vegas?

We Believe in Magic!

Another phrase that is usually not called upon when speaking about Las Vegas, “We Believe in Magic” is typically referenced when speaking about something to do with Walt Disney World. On the other hand, Las Vegas has everything to do with magic, though. From the casinos that can be experienced through all hours of the day to the beautiful Siegfried and Roy’s Secret Garden, there are all sorts of things to do that would convey the message that Las Vegas is a magical city. In addition, romantic couples are always taking long riverboat rides enjoying the company of themselves along with the Las Vegas lights and attractions!

Eating at the Best Places

Another benefit, though, to living in the Las Vegas Strip, is the fact that you have access to virtually all the different kinds of restaurants that you could possibly enjoy. For starters, there are plenty of high-class restaurants located in the hotels and world-famous resorts throughout Las Vegas. But there are also smaller restaurants that can be found throughout most of Las Vegas, especially in the Neon Strip Mall!

All of these things should better help you to plan out your next vacation if you plan on staying in the Las Vegas Strip. Not only is there plenty to see and do, but experiencing the whole Las Vegas life is what many people are after when they visit this special area of Nevada!

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Sep
9

Las Vegas Real Estate Mover’s Guide

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Las Vegas, Nevada is a growing spot, not just for vacationers, but as well for individuals and families that are moving there as well. A common misunderstanding is that Las Vegas features only fancy hotels with grand casinos or resort areas for family travelers; though, a lot of people move to Las Vegas to enjoy other benefits. Las Vegas offers enlightening opportunities, tax breaks, employment opportunities, and much more. Hence, finding Las Vegas Nevada real estate is getting easier as the city continues to grow.

Moving to Las Vegas from another state can seem overwhelming. Not only do you need to find Las Vegas real estate, but you also have to become comfortable with Nevada state regulations for moving to that area. You can do all the research yourself or employ a reliable real estate agent to assist you in your search. Whether searching for Las Vegas condos for sale or Las Vegas homes for sale, choosing the right Las Vegas real estate agent will save you from scores of headaches.

How to Pick a Las Vegas Real Estate Agent

Be sure the agent you want is willing to go the extra mile for you. If you living far from Las Vegas, you’ll want an agent who can do the research for you in finding a new house. The last thing you need is to travel back and forward only to visit new homes that do not meet your criteria. The real estate agent might also be willing to assist you find Henderson real estate if you want to live on the outskirts of Las Vegas.

Choose a Las Vegas real estate agent who will carefully research each new home to be sure it fits perfectly with what you wish for. Be sure they offer online services also so you be able to view the potential homes online before taking a trip. This will save you much time and money.

Building a New Home in Las Vegas

Maybe you’d somewhat build a new home in Las Vegas. If so, choose a real estate agent who can help you find reasonable Las Vegas land in a good spot. The agent might also be able to help you find a reliable builder in the area.

Other Valuable Services

Other services your agent might provide that can benefit you when buying Las Vegas real estate contain providing connections with an affordable mortgage lender, skill in foreclosures, repossessions and estate homes, and experience in corporate rearrangement.

Where to Look

To get a reliable Las Vegas real estate agent, begin by searching online. The Web is a huge source where you can learn all about an agent before you ever meet them! This as well will save time and money.

Whether you’re planning on moving into a new home, a Las Vegas condo, or building a Las Vegas home, you’ll find that hiring a dependable Las Vegas real estate agent to be a excellent time-saver!

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May
5

Get Useful Advice About Las Vegas Vacations

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With more than twenty-five thousand conferences per annum it’s a good chance that you will arrive in Vegas this year. Las Vegas holds out so much more than bright lights slot machines Siegfried and Roy and big shows.

Your job-related excursion turns into a Las Vegas vacation because there is so much to do. All the other extraordinary enticements are a distraction from the casinos. Your Las Vegas vacation is one your entire clan can take pleasure in.

For years Vegas has been a splendid location for vacation nuptials. A number of hotels have nice accommodations. Bundled services for all your guests are offered by a lot of independent chapels. Fun themes can be found as well. At the Treasure Island wedding chapel you can choose to broadcast your nuptials live over the internet.

“Forever starts now” at the Chapel of the Bells which has married celebrity and normal couples for over forty years. There are lots of things to do for bachelorette and bachelor parties pre-wedding. The ceremony turns into a fantasy Las Vegas vacation for all of your guests.

Vegas originated as a mining town. The here and now still retains this past. The Nevada State Museum and Historical Society allows you to visit the Old West. Enjoy the wilderness through a Sunset BBQ ride to sample the West without the bright lights. A nice diversion on your Las Vegas vacation is to try out nature’s version of the Strip. A jaunt into Hoover Dam will bowl you over.

Golf aficionados will have a great time in Vegas with so many greens to choose from. Today you can peruse the accommodations and plan your itinerary online. This is a smart move so that you land knowing that you’re all set. If you’d like to land all set this is a practical step.

The gals can get massages when the guys hit the greens. Most hotels have luxurious offerings that relax and invigorate you . This creates an exciting opportunity to rejuvenate while on your Las Vegas vacation. Because so many hotels have caddies and aestheticians everyone in your party can have a blast.

A theme park for grown ups is how many imagine Vegas. But many of the hotels have fashioned things to do to charm the entire clan. You will find huge amounts of pleasure at the Sundance Helicopters or The Magic Motion Rides. You could also take pleasure in The

Manhattan Express Roller Coaster and the Secret Garden and Dolphin Habitat. So much fun awaits your youngsters on your Las Vegas vacation.

There is so much to do here that you will only see a fraction in one Las Vegas vacation. You can spend your trip gambling but you will also have a blast experiencing the other enticements. The hotels are so divine that you could take every moment wandering around them.

If you bring your gang there are a lot of things to experience with your youngsters. Whether you want to practice your putting get hitched visit the Old West or enjoy your brood you will find it on your Las Vegas vacation.

Check out http://the-las-vegas-vacations.blogspot.com/ for more on Las Vegas vacations experience and Tips on Las Vegas vacations.

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May
5

How To Have The Best Vegas Holiday Ever

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Las Vegas is undoubtedly one of the most spectacular places on earth and one of the best USA holidays you can go on. There is such a vast amount of activity to get involved in that you wouldn’t get bored if you spent a year there. It can be a little overwhelming however and you need to plan your Las Vegas Holidays properly before you go in order to get the most out of them. Here are some tips that will help your experience all Vegas has to offer safely.

Get out of the city. Experiencing the world outside of the crazy city is something that you must do at least once when you visit Vegas. Vegas lives in the magnificent Nevada desert, something that you can only witness the true beauty of once you explore further afield and visit its amazing natural features. Checking out the world famous Grand Canyon is something that should be on your list. If you want to witness a sun-set to die for, head over the canyon in the earl evening. Viewing the Canyon from helicopter is also a once-in-a-lifetime and experience and well recommended if you have the budget

See some shows. Las Vegas boasts some of the top shows on earth. Because of the money and big names int he city, they are quite often jaw-dropping. You may even want to check before you go and plan your trip around which shows are on at the time. Do make sure you check a number of reviews before you book a show though as they tend to be on the expensive side and trying to cancel and get refunds is sometimes difficult

Limit your gambling fund. Gambling is not everyone’s idea of fun but you’d have to try pretty hard to stay away from the card games and slot machines for the whole holiday.If you have a little money to burn, make sure you budget is set in stone. Don’t expect to make any money from gambling. Any cash you do put on the table should be cash that you can afford to lose.

Follow these tips and your holiday in Vegas will be one those American holidays that you won’t forget in a hurry

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Apr
4

The Real Haunted Houses of Las Vegas

Jacqulyn Richey (Check me out!)

Las Vegas Haunted Homes

Happy Halloween! The Las Vegas market is recovering from housing bubble. Investors and regular home buyers are snapping up property all over the city. Things are far from perfect, unless of course you are a home buyer. The market has experienced a ‘perfect storm’, driving down prices while raising home inventory. The result are some of the lowest home prices in the several years in the Las Vegas valley with a huge selection of homes and condos for sale.

With so many homes for sale on the market, its hard as a home seller to stand out from the crowd. The latest marketing trend is property auctions. The results have been mixed. The last major auction at the Las Vegas Country Club for some 80 Monterey condos was fairly successful, but there are still leftover condos for sale. Some companies have taken the idea further by having a strictly online auction, cashing in on the bargain atmosphere that auctions generate.

But property auctions aren’t always the great bargains they are portrayed as. There are additional fees that tacked on to bid price that most first time auction goers were not aware of. These buyer’s premiums can range from one to several percent of the winning bid price and can quickly wipe out any savings you might have incurred, especially on higher end properties. Properties will also have minimum bids in place that must be met or the property will not be sold.

Quite often these properties are bank owned as well, which means a longer closing time than a regular home sale. If time is of the essence in closing escrow, then you should avoid bank owned properties entirely.

There are plenty of great deals still out there. The number of Las Vegas homes for sale has been declining and the number of homes sold has surpassed last year’s numbers. If you are thinking about buying a home or condo in the Las Vegas valley, feel free to contact me at 702-49… or by email at info @lvrealty.net.

Nov
11

Las Vegas high rise condo bargains!

Max Schmidt (Check me out!)
Categories: Las Vegas Condos

For a year now I have been telling people that the high rise condo’s have been over priced and will come down substantially in price.

My idea of a bargain is when you can buy something for less than it can be produced for.  Basic High rise condo building costs exceed $350 per square foot.  So I consider a bargain anything that cannot be reproduced for that amount. If the unit is a luxury property it will cost more to reproduce than a standard property.

It appears that pricing of Las Vegas Condos are now changing and real bargains are starting to appear in the market. To give you an idea of what is going on I am going to give you some general information about various  Las Vegas High rise condo bargains and these prices should make you consider having a place of your own in Vegas!

Soho Lofts CHEAP!

Las Vegas condo Soho Lofts on the STRIP bargins

Las Vegas condo Soho Lofts on the “STRIP” bargins

Located right on Las Vegas Blvd. “The Strip” a few blocks north of Stratosphere. Units in this project originally sold for up to approximately $1 million dollars. The the complex was completed in 2005 but now the bargains are starting to appear.  For instance I saw a unit that was originally listed in February of 2007 for $999,900 now had an asking price of $330,000. Now this unit is under contract but just think of the possibilities! That’s only $210 per square foot on one of the highest floors in the building!

I did a search for units for sale in Soho Lofts Las Vegas and found 14 units priced at or below $210 per square foot. There is one unit priced at $176 per square foot.  With units from around 1,270 square feet and up you can have a great vacation spot right on the “Strip.”

Yes you can get a steel of a deal on a Las Vegas High Rise Condo in Soho Lofts.

For further details about buying a condo in Las Vegas Cheap register here.

Turnberry Place Luxury Las Vegas Condos on the Cheap

Second home to may Stars and wealthy people from around the world

Second home to may Stars and wealthy people from around the world

Not as Cheap as Soho lofts but if you want to rub shoulders with all the connected people that make the world go round then you may want to consider a Condo/Apartment in this world class facility.

Located across the street from the Las Vegas Hilton it is convenient to almost anything your heart desires. If you don’t want to go out for it the staff will bring it to you.  This facility is home of the famous “Sterling Private Club.”

Don’t tell a sole but you can very quietly steel a Turnberry Place condo for a song to what they were a few years ago. In the Spring of 2006 these units were priced by the developer for between $850 Thousand and $9 million with units ranging in size from 1,540 to 9,125 square feet. That is starting at about $550 per square foot.

So what kind of shekels will you need to part with to stake your claim with all the other rich and famous? I found approximately 10 units at under $325 per square foot and three that sold recently for under $250 per square foot. That is less than half price!

For further details about buying a condo in Las Vegas Cheap register here.

I know of High rise condo buildings with units for around $100 per square foot. If your interested please feel free to register above or call me Max 702-334-2200. I would be happy to discuss the market and your needs concerning Las Vegas real estate.

For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome.

Nov
11

Las Vegas condos & townhomes for sale under $50,000 Fall 2008

Max Schmidt (Check me out!)
Las Vegas town homes and condos under $50k

Las Vegas town homes and condos under $50k

Last night I received a question about investing in a Las Vegas condos.

”I am a Canadian and am interested in purchasing a condo for an investment in the Vegas area. I have $50,000 USD. What can I buy for this price?
Elliott”

Thanks for your question Elliot. I ran a search of Las Vegas condos and Town-homes this mourning and found 77 units currently offered for sale at $50K or less!  The search showed properties starting at $31,900 USD.

These units were from one to three bedrooms, one or two baths and ranged from 416 to 1,239 square feet. The per square foot price range of 74 of these units was between $28 and $78 per square foot.

Imagine the Las Vegas condo or town home you can buy for $100K to $200K!

With sales of units here in Las Vegas on the rise I am uncertain as to weather this price point can continue to hold much longer.

Let me know what you are thinking about and I can send you information on your specific requirements. Las Vegas is now a great place to invest in real estate. Now is the time to find your get-away, a home to retire or an investment that can produce a positive cash flow with a great future value.

Las Vegas homes, condos and real estate are on Sale and you can take advantage NOW!

Contact Max and let him know what you are looking for here NOW!

For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome.

Nov
11

Homes in Las Vegas and the subprime melt down

Max Schmidt (Check me out!)
Cheap houses in Las Vegas

Cheap houses in Las Vegas

It is well established common knowledge that many service jobs in the Casino/ Hotel industry rely on tips as a major portion of these workers income.  From about 2004 through 2006 with historic low interest rates and the ability of these workers to use “Stated Income” rather than prove their income these workers who were locked out of home market previously started buying homes in record numbers and seeing their homes values rise at an unprecedented rate. This lead to more of these workers jumping into the home buying game to get their piece of the appreciation pie further driving up prices and attracting a national feeding frenzy of investors to crowd the market and further drive up prices.  Finally the appreciation spiral abruptly stopped in late 2006 and the loans began to unravel in early 2007 as these sub-prime loans monthly payments began to reset from their unrealistic low starting payments to as much as 40% more.  Suddenly the people were unable to meet these steep payments and the finance companies started taking them back and selling them for less than their original value as R.E.O’s (Real Estate Owned) properties. This resulted in surrounding houses being valued lower preventing others from refinancing, resulting in additional repossessions further driving down prices and thus the downward spiral of prices began. As home prices fell in value creating more foreclosures in Las Vegas the defaulted loans caused a meltdown in the secondary mortgage markets and financial institutions all over the world no longer knew what the value of the mortgages or even worse what their mortgage back securities were worth. They therefor stopped buying any more mortgages and world financing started drying up.  We are now trying to drink from a dry well.

In an emergency effort to free up credit so that business could continue in the U.S., and world wide, our government created the $700 billion dollar TARP (Troubled Asset Relief Program) asserting that it will help rescue the home owners from foreclosure and thus strengthen the failing mortgage backed securities.

Our governments first act was not to rescue the home owners, it was to rescue the banks using $250 billion dollars and leaving the balance of $450 billion to rescue the home owners at a yet to be determined date and program. Please keep in mind the $250 billion was that all that congress initially authorized under the plan. The President can now authorize an addition $100 billion for distribution.

Now the government is offering some non-banking organizations TARP monies. These corporations, such as General Electric, are not under federal banking controls. The reasoning is that it will further free up commercial finance in an effort to curb job losses.  How much money they will lend to these corporations has not had any limit set to date.

Next in line for TARP money are the many U.S. insurance companies and the big 3 auto makers are lining up as well as other commercial finance companies who are not banks but may be labeled as “to big to fail.”

Let’s not forget that when TARP was enacted it included the all important $3.92 billion of the $700 billion for neighborhood stabilization (just above one half of 1% of the total budget).  Las Vegas areas share of the money is approximately $46.6 million dollars to buy up vacant homes in distressed neighborhoods and get them back into the housing pool. With the average price of a Las Vegas foreclose home selling at $190,000 the budget would allow the valley governments to purchase 245 homes (or 1.6%) of the 15,000 now repossessed homes in Las Vegas. And this would assume any further discounts the local governments could obtain from the bulk purchase of these R.E.O’s would pay for the overhead and management of the program.  I think that any reasonable person can see the lip service provided by our federal government in solving our empty neighborhood problem here in Las Vegas.

On October 15, 2008 Ben Bernanke address the “New York Investment Club.” During the question and answer session after his written speech he revealed that the mortgage debt in the United States is about $14 trillion dollar problem which means our government is using $450 billion dollars to solve a $14 trillion dollar problem (3.2%).  It becomes very apparent that this program along with hunting elephants with fly swatters is not going to have any success.  I think the Fed’s already know this.

The longer you can hold main street off and prop up the financial sector the sooner we will get to the bottom of this real estate devaluation thereby allowing a real valuation of mortgage back securities.

There has been a huge impact on the Las Vegas travel industry due to high oil prices and a melt down of the financial markets. Tourists visitation is down, gambling revenue is down, convention attendance is down and thus the need for workers is down.  Las Vegas has 7.4% unemployment rate and a great many workers are under employed only working 30 hours a week thus reducing their incomes by 25% or more.  This adds to the pressure as sub-prime mortgages reset because these workers can no longer prove their incomes to rewrite their loans.  Thus the numbers of home forclosures will continue to climb.

There is a solution that is fair and equitable but the power of the Washington Bank lobbyists will not allow the solution to ever be enacted.

Bankruptcy courts do not have control of home mortgages in the United States. If they did they could work out an equitable solution for all parties by standing in the middle and deciding the resolution of the home as they currently do with all other assets of the bankruptcy petitioner.  Yes the banks would loose control of managing their assets in these situation and yes it may affect mortgage loan rates in the United States.  The problem is the current mis-management by the mortgage companies are already affecting mortgage rates.  Mortgage rates are already much higher than they should be given the 10 year Treasury bill rates of 3.75% if the mortgage rates followed historical patterns the the current 30 year mortgage rate would be 5.75% but in fact we are currently paying over .25% higher reflecting the damage that has already been done in the mortgage industry.

The mortgage industry and the Bush administration have been featuring the success of the “Hope Now” program. A voluntary program for the mortgage industry that has resulted in few principle write downs and generally just an extension on the loans tacking on additional principle for the home owner to pay longer on their home.  These rewritten mortgages are now failing at a 47% rate again!  This program should be renamed “Hype Now.”

If the bankruptcy courts would be allowed to renegotiate and make decisions on mortgages then all parties interests and welfare would be represented. So long as our government fails to withdraw this special exemption from the mortgage industry, property values will continue to spiral down, bankrupting our smaller banks who will be acquired by the banks “to big to fail” and driving property values below their true worth.

This damages every American that has a home as our homes are one of our biggest assets.  Most Americans have made the prudent choices in purchasing and loan decisions.  Most Americans are now being damaged by property values plummeting below their replacement costs. Weather it be their personal residence or the retirement program they are invested in that has purchased mortgage backed securities.  The real victims in this scandal is not necessarily the person loosing their home but the person who has not lost their home but has lost their equity, their retirement and most importantly their trust in their government to do the right thing for the interest of all of us, not for the few on in the banking industry.

Without further change Las Vegas will continue to see record foreclosures as we enter into a new set of loan problems.  We are just over half way in the Sub-prime loan crises. But in February of 2009 we face a new problem with the failure of Alt-”A” loans.  It seems much more likely that with the opening of the new major properties in Las Vegas that the current under employed and unemployed work force will be redistributed into the jobs being created by theses new resorts creating almost no new employment opportunity and thus no rush of new residents to fill our empty houses.

So when will things turn around in Las Vegas?  Probably in late 2010 or early 2011 when tourism and the economy begin to recover and people seek cheap vacations close to home.  Perhaps building high end casino properties may have been the wrong bet for the next 5 years.

I think that housing will bottom out sometime in December 2008 through June 2009.  My reasoning is that the mortgage markets will become more open to qualified Buyers. The replacement costs of homes will be far higher than the prices that people can purchase existing homes, creating a opportunity for equity gain as the market recovers. The opportunity for foreign and American retirees are now seeing the fantastic purchasing power they now have in this market. Their purchases are for retirement and winter homes. They don’t need employment, they don’t even need schools and most don’t even need financing.  And most can start now purchasing at 50% off the price at the height of the Las Vegas real estate home market.

If you would like to see the latest Las Vegas real estate market statistics click on this link.  If you would like to see specific details of current Las Vegas home purchases and what great deals people are making in this market please contact Max here.

For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome.

Nov
11