Originally posted by |Thrax|
you guys also forget.. he lives in Vegas.
Buying houses now in CA is for suckers.
nah, I didn't forget. he's in such a hot market. still the fastest growing in the nation, i believe. i would do the same exact thing.
Nov-13-2007 19:29
groovedaddy21
Supreme tranceaddict
Registered: Sep 2004
Location: Lost Vegas
I am out this year, going to hawaii instead
btw, i agree with ninetyninej. this time conditions are very unique and so much unpredictable circumstances. We have stagnation and dollar crisis combined with political unrest worldwide, and the upcoming election will determine if our economy will recover or continue the downward trend. If you're already in the process of buying then go for it but if you're just looking then i would wait at least another year or two.
Nov-13-2007 19:30
TranceNation1
WMC24Hrs of Fist pumping
Registered: Feb 2007
Location: Streamwood
quote:
Originally posted by groovedaddy21
I am out this year, going to hawaii instead
btw, i agree with ninetyninej. this time conditions are very unique and so much unpredictable circumstances. We have stagnation and dollar crisis combined with political unrest worldwide, and the upcoming election will determine if our economy will recover or continue the downward trend. If you're already in the process of buying then go for it but if you're just looking then i would wait at least another year or two.
Hey bro u get meet Nathon down there I
heard he move to Hawaii
Nov-13-2007 19:42
groovedaddy21
Supreme tranceaddict
Registered: Sep 2004
Location: Lost Vegas
quote:
Originally posted by TranceNation1
Hey bro u get meet Nathon down there I
heard he move to Hawaii
You going with some people from chicago? I hope it doesn't rain again during Ultra. I remember people getting drenched on the second day Ultra last year.
Nov-13-2007 20:53
ninetyninej
Supreme tranceaddict
Registered: Mar 2003
Location: Sacramento, California
again off topic, but the home purchasing posts i read all make pretty good points about primary residences and long term ownership, but fact of the matter is even in Vegas housing will fall for another year. i wish it wasn't true but unfortunately there are very few cities that this doesn't apply to. the 'home value bubble' has affected almost every market.
here is a county record data on forbes.com of the top 10 weakest cities from last month (most are CA & FL but there are plenty of cities affected outside of those states)
Median home price: $307,900
Annual price change from 2006: -3.6%
Projected price change to 2008: -9.11%
Las Vegas' problems are largely the result of speculative buying and risky loans. It won't help that much of the city's job growth over the past three years was housing industry-related; those jobs are now disappearing. There is a bright spot, however. From Q4 2007 to Q4 2008, Las Vegas' sales rate and turnover are expected to be the second best in the country.
boomer if you can afford it go for it, i was just saying if you buy a 300K home now you might find the same home for 250K-275K next year. but either way it will rebound eventually over the next few years and im sure you will be happy being a home owner
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Nov-13-2007 21:37
element-y
!Shakawkaw!
Registered: Feb 2006
Location: San Francisco and Boulder
If you want to invest, buy lots in salt lake city. Somehow slat lake city is on many "most demanded" city lists. It is booming.
boomer if you can afford it go for it, i was just saying if you buy a 300K home now you might find the same home for 250K-275K next year. but either way it will rebound eventually over the next few years and im sure you will be happy being a home owner
its good advice, im getting a brand new 244k home south of the strip. I agree the market is prolly gonna drop for the next year, but then city center opens along with 12,000 new jobs....meaning...mo people mo people mo people...with money :P
