Is it time to buy house in Las Vegas area. If it does, is one area is more favorable than others. Pls advise!?
594623
Don't come to Vegas. It is overcrowded.\n\nThe homes here are too small and have no back or front yard.
1130155
Nevada is a hot realestate market. Not subject to hurricanes either. Water might be a problem.
403886
Time to think of other areas to consider...If you can afford it! It is a buyers market right now in the south east and soon the bubble will burst. So now is the best time to buy!
26733
California is among the most overheated markets in real estate so buying now MAY get you into a financial mess by overpaying. Renting is always a waste of money. If you can get LAND at a reasonable price then building a home will avoid the profit you would pay a homeowner for an existing home. That's just my opinion.\n\nImran
1036615
well yeah its a good time but there wont always be a demand at the moment it is a buyers market. there are more houses for sale than there are actually abled buyers.
291266
Home prices in CA will never go down.... even if the entire housing market crashes around the US... Ca will stay the same or go up. The wealthy will always have money to buy what they want there.
1159230
Hi Urban!\nNow that the housing market is finally looking up, it's the perfect time to seek out a new place to live. This summer you need to shake off that "lucky I even have my folks to live with" mentality, polish up your shoes, and explore your living quarters options! There are fun, flexible, fantastic places out there just waiting for someone like you!\nNow, get out there and pound the pavement. Beat on some doors until you latch onto that incredible tree house or fort you always wanted!\n(I heard  your area is a great place to find a cardboard box near a dumpster behind the pizza joint?)\n-viqueur
458366
it's base on where you live??\n\nfor example if you're in vegas, AZ, or new mexico keep the house around for a bit since the market there is still pretty hot.\n\nbut if you're in NYC or CA any over-saturated market you should get the hell ou ASAP. \n\ngood luck.
105542
YES YES YES.  I am a retired California Realtor who was able to retire early thanks to a housing market similar to NY's.  You won't be able to retire off flipping one place, but you'll come out way ahead.  I don't know the specific prices in your market but you might check with my "source".
76090
I have been to Sedona and I would tell you that it is absolutely beautiful!!  I would buy property there in a heartbeat if I were in the market to move.  Perfect weather, about 360 sunny days (I was told they have more sunny days per year than Florida) and glorious red rock formations.  If you stand in the center of Sedona and do a 360 degree spin, I swear to you, every vantage point and pivotal stop looks as pretty as a postcard!\n---------------------------------\nAre you going to buy property there?
1004632
It's there, I'm sure. Vegas is so transit it has to be. BUT be careful, because of this fact eviction laws are in th favor of the landlord. So be prepared to pay a hefty security deposit, etc. Vegas has "been there and done that" (they are well aware of the average "get rich dreamers" that will eventually leave the landlords high and dry, if they're not careful).
1156053
Like any real estate investment, the answer is found in the 3 most important aspects of buying real estate:  location, location, location.  Is this dockominium in a high demand area?  Price is related to supply and demand.  Are there many other similar opportunities in the same area?  Just as important as whether it will increase in value is the consideration of whether it can produce any income to offset the costs of holding the investment.  Based on your answers you should be able to determine whether this is a good investment for you.
918499
You are in idiot.  You are acting like you have a solid asset for sale.  I would rather buy an apartment building that was built on quick sand, and built on a fault line and built in a hurricane zone.  To me that seems like a more solid asset.\n\nGood luck.
1076130
I would say live in a low cost area if it's accessible to your job, is safe for your family, etc. The less you pay for rent/mortgage, the more you can pay on your other bills... just my opinion. :)
364240
Owning a house is the best from an investment standpoint. Condos are pretty good too although the market is different. They don't increase in value as much, you have to pay an extra monthly fee but you don't have to worry about taking care of the outside. Renting is money out the window but you may want to consider it first so that you can really take your time and look over the housing market in the area you will be going.
1011680
Keep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com
559419
You could rent for a year while you decide for sure what area you want to buy in.  That's what we did when we moved into an unfamiliar state.  Then you won't get stuck with a house in a neighborhood you end up really disliking.  Just be sure to check what the time-line is on reinvesting your capital gains on the sale of your current home.