where do u see real estate in 5 years?
October 31, 2009
looking to invest in some houses. how do you see real estate in 5 years in las vegas? doyou think ill lose money
Las Vegas will be one of the last places to recover - there are no jobs and tons of houses for sale with no buyers, so there is nothing to really make the homes increase in value - supply and demand does that - there is no demand - if you are buying as a rental property for investment, you might not be able to find any tenants, so in that respect you will lose money because you’ll be stuck paying the mortgage out of your pocket, instead of with rent money
October 31st, 2009 at 2:00 pm
Las vegas, NO WAY!!
I think that if vegas does not rebound in the next two years 20% i would be shocked.
and In five years i would guess it would be REALLY good,
I’ve heard vegas prices are down liike 40%
like you can find a decent place for 195,000??
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October 31st, 2009 at 2:07 pm
Now is the best time to buy - anywhere in the US - Vegas too. We’re pretty much to the bottom of the market, so we’ll see values start to increase - but not as they were through 2005 - values will be in the 5 to 7 percent increase, which is normal for real estate values.
References :
October 31st, 2009 at 2:25 pm
Las Vegas will be one of the last places to recover - there are no jobs and tons of houses for sale with no buyers, so there is nothing to really make the homes increase in value - supply and demand does that - there is no demand - if you are buying as a rental property for investment, you might not be able to find any tenants, so in that respect you will lose money because you’ll be stuck paying the mortgage out of your pocket, instead of with rent money
References :