Quote:
Originally Posted by Mutt
Show me some samples of killer deals on Las Vegas homes. I just did an MLS search for Vegas homes for sale between 4-500K and I wasn't impressed with anything I saw.
I'm told over and over if you have CASH, you can get some real bargains in cities hit hard.
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I'm in the midst of purchasing a new home: 3,700 sq feet, new development (master planned community). It's zoned for some of the newest/nicest schools in the city. The price is below 300k (WELL below if you don't go with many options).
The resale homes (non-shortsale or foreclosure) are actually priced a bit higher than many new home communities.
I can't honestly say that we'll see a real estate rebound in the next 5-10 years, but if you are ready to buy a primary home, prices are great. Also, there are quite a few nice investment opportunities as far as renting out properties (new homes in the 100s, and many under 100k condos). I just don't think we'll see insta-flips coming anytime soon.
As stated before, Fuzebox would be the person to talk to for investment purposes.