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General :: Outside the Cube :: Finances :: Real Estate

About purchasing and investing in Real Estate. From mobile homes, studios to single family residences.

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Is there a single family home housing crash in Las Vegas?

Housing bubble bursts in Vegas?

Anyone paying attention to the real estate market in the USA, will have heard of the drama on October 2, 2004 when builder Pulte cut prices at its four Las Vegas Del-Webb communities by 20%.

"Dyan Harmell had bought 19 homes with 4-million dollars in mortgage debt. Pulte's in-house lender continued to sell her homes even as she showed a loss on her rental income (her sole income).
Dyan Harmell said that 'Pulte had me close Monday, Wednesday and Friday on two houses each so it would not show up on my credit report'."

The neighborhood this lady bought in is the Solera neighborhood. Solera is an amazing place with lots of empty houses and desperate-sounding signs. For renting this place is not suitable, because:

Solera is an age-restricted community. 55 and over. Not a good demographic for rental properties. Most retired people either have homes of their own, or else they are living on social security and need to rent something small and cheap.
Solera is way-the-heck south of the center of town. Renters like to live close to work, grocery stores, gas station, and casinos.

Does this mean that there is a general housing crash in Las Vegas?

Not in my opinion.

Even though Solera is extremely beautiful with its landscaped streets winding up the hills with killer views, it is an anomaly. You cannot extrapolate from Solera to the rest of Las Vegas. Solera probably did kill the hyper-appreciation in Las Vegas in 2004, but it did not reverse the trend.

Las Vegas is still appreciating about 10% annually.

Most recent comments

2009-11-07 07:59:25:
by trul5@hotmail.com
in Dating Scams
on Dating scam from Kazan, Russia - Part 1:

And here is one where the birthmark is easy to see

2009-11-07 07:51:42:
by trul5@hotmail.com
in Dating Scams
on Scammer Jane Mabou from Ivory Coast, Africa:

Here is same Elvira as darkhaired. She use a lot of other names as well
I have her mails if any want them to be posted.
Typcal russan scammer. Works with children, loves anmals, help poor and ... read more

2009-11-07 07:43:01:
by venezolano
in Dating Scams
on Dating scammer Anna Ogannisyan:
@magnus

I would like to see the new postings from lopitropi7777@yahoo.com. He is not a bright Boris. Discovered and still around. That is pathetic.

2009-11-07 07:00:49:
by Agent 86
in Male Dating Scammers
on Dating scammer Ken Anderson:
2009-11-01, 15:40:56
anonymous
Hello Adm,, and Maxwell

I can see no reason to remove any part of the original posting here.
Thank You Wanwan for posting the full infor ... read more

2009-11-07 06:33:15:
by Mangus
in Dating Scams
on Dating scammer Anna Ogannisyan:
Ton from Netherlands on stop scammers said there that he had been scammed of Lusine Mazmanyan from Gyumri in Armenia,on same type of sort which I been scammed on of Anna Ogannisyan from Sisian in Arme ... read more

2009-11-07 06:07:15:
by Magnus
in Dating Scams
on Dating scammer Ludmila from Volzhsk, Russia:
look at the thread of anna ogannisyan.see you soon.regards from sweden.

2009-11-07 06:05:25:
by Magnus
in Dating Scams
on Dating scammer Albina Aytakowa:
look at the thread of anna ogannisyan.regards from sweden.see you soon,mine friends.

2009-11-07 06:04:11:
by Magnus
in Dating Scams
on Dating scammer Alyona Podrez from Angarsk, Russia:
look at the thread of anna ogannisyan from sisian in armenia.she is one of the armenian scammers in the internet.the armenian scammergangs is big in the internet.see you soon.regards.

2009-11-07 06:01:54:
by Magnus
in Dating Scams
on Dating scammer Anna Petrovna Sotova:
look at the thread of anna ogannisyan from armenia.regards from stockholm.

2009-11-07 05:59:38:
by Magnus
in Dating Scams
on Dating scammer greenday564@gmail.com from Tomsk, Russia:
look at the thread of anna oganisyan from sisian in armenia.regards from stockholm.


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