Real Estate in Vegas

SlowHabit · #1 08-07-2006, 06:40 PM

Does anyone know how the Vegas real estate is currently doing? I will probably have to pay more than 25k in California tax so would it be better for me to move to Vegas now instead of waiting for the 2007 real estate collapse?

If the houses aren't that overvalued, I don't think it's such a bad idea to buy it now since the yearly mortgage payments are less than what I will be giving to the Golden State.

What do you guys think?

DesertCat · #2 08-07-2006, 06:43 PM

You know you can do a thing called "renting", don't you?

SlowHabit · #3 08-07-2006, 10:15 PM

I thought about that. But I'm just the type of person that like to own things.

DesertCat · #4 08-08-2006, 01:32 AM

[ QUOTE ]
I thought about that. But I'm just the type of person that like to own things.

[/ QUOTE ]

Read Degens post on buying a home in henderson. I wrote a response about how I think about comparing renting to owning. My advice is to choose whatever is cheapest right now, and if that's renting, just wait until the glut on the market settles down more (i.e. inventory isn't over 6 months) before you think of buying.

GeorgeF · #5 08-08-2006, 10:37 AM

"But I'm just the type of person that like to own things. "

Have you condidered owning stuff other than real estate. I hear stamp collecting is educational, enjoyable, and enriching.

haakee · #6 08-08-2006, 04:08 PM

You will still owe a lot of CA income tax for having lived here for 7.5 months of the year already.

Baulucky · #7 08-08-2006, 05:28 PM

I'm selling a bridge in London. Would you like it?.

Also have some conflict diamonds to dispose of, if you are interested.

BLdSWtTRs · #8 08-08-2006, 07:50 PM

Rent. Las Vegas is worst market in country. And you will be able to afford something nicer as well.

SlowHabit · #9 08-08-2006, 07:57 PM

[ QUOTE ]
[ QUOTE ]
I thought about that. But I'm just the type of person that like to own things.

[/ QUOTE ]

Read Degens post on buying a home in henderson. I wrote a response about how I think about comparing renting to owning. My advice is to choose whatever is cheapest right now, and if that's renting, just wait until the glut on the market settles down more (i.e. inventory isn't over 6 months) before you think of buying.

[/ QUOTE ]
Thanks DesertCat. I've always enjoy reading your posts.

SlowHabit · #10 08-08-2006, 07:59 PM

[ QUOTE ]
You will still owe a lot of CA income tax for having lived here for 7.5 months of the year already.

[/ QUOTE ]
I understand. But there's still 4 months left in the year. And that's a lot of taxes.