Real Estate in Vegas

Real Estate in Vegas Some of you that live there, if I was going to move there, would you suggest I rent or buy? Are there decent hotels that rent rooms by the month or year? Any idea of the cost? I know real estate is down. What are the prospects of it picking back up? Is Vegas really necessary any more with anything Vegas offers being offered online or much closer for those of us from out of town?

If you want a two story property definitely buy, they are great buys right now. Rooms by the month or year are cheap if you want to live in a shit hole downtown, otherwise hotels not cheap. Real estate here flows with the job market and foreclosures neither of which looks good in the near future. Contact our main man of LVASports Anthony Curtis, who could certainly give you some good advice.

Now is an excellent time to buy. As long as you are in a price range that most people will be able to afford given the fact you may sell in the short term. You can likely find a steal monthly at panorama towers (make sure your owner is not in forclosure or on his way). Plenty of great perks at the place at the bell desk concierge in tower 1 looks like kim kardashian. Also condotels at mgm signature have decent monthly deals. Also with some great perks. Best of all you are not in a dump and you don't have to pay the outrageous hoa fees that the owners are stuck w each month. Not sure there is a losing prop for anyone looking to get into vegas just those trying too get out are in trouble:

Check out 2+2 forums as well - they have a vegas lifestyle forum where lots of info is shared on buying/renting places

from a short/medium term buying perspective.. there is still a massive surplus of bank owned homes that havent hit the las vegas mls market according to some local "insiders" i stay in contact with. from what ive heard, the quantity of bank owned homes is likely to increase between now and the end of the year, reaching a peak release rate circa oct-dec '11. take it for what its worth, but if im a buyer looking for an entry point in the vegas home market, id wait for at least another 10-15% haircut off this already depressed market....as long as time isnt your main concern. edit: rent vs buy perspective.. i would buy into the current market in las vegas rather than rent...and by all means dont follow my path and land yourself in the budget suites for 2-3 months. you would better off sleeping in your car.

Chances are good he will meet some clasy entertainers if he opts for budget suites. Also very funny that those same insiders we saying the bank owned home surplus was going to peak 2 years ago! I have the same insiders. They are in the middle of the pacific ocean with a saltine cracker as a raft and a spork trying to row to the closest seaweed mass to float. You gave some great advice and I agree that the market is still going to trend down. How about he renst for 6 mos and keeps his eyes open to pounce on a deal come thanksgiving! ;)

[QUOTE=fullvalue1212;41458]Chances are good he will meet some clasy entertainers if he opts for budget suites. Also very funny that those same insiders we saying the bank owned home surplus was going to peak 2 years ago! I have the same insiders. They are in the middle of the pacific ocean with a saltine cracker as a raft and a spork trying to row to the closest seaweed mass to float. You gave some great advice and I agree that the market is still going to trend down. How about he renst for 6 mos and keeps his eyes open to pounce on a deal come thanksgiving! ;)[/QUOTE] I agree 100%....if u want to buy I have a few homes for u to choose from.;-)

great info, guys. appreciate the insight.