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#11
10-04-2006, 09:41 PM
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Re: Good time to buy LV Real Estate?
[ QUOTE ]
FFS. Obviously real estate everywhere is directly correlated to the national average. I mean its not like there's a huge amount of local considerations when deciding where to buy and when. [/ QUOTE ] lol, well said. Also, one should note that the CPI indicates that prices of goods (houses can be considered goods) have gone up by roughly 3.13% this past year. That means if you bought a $100,000 house a year ago, it is worth $103,130 and change (less commish). 
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#12
10-04-2006, 09:53 PM
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Re: Good time to buy LV Real Estate?
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I thought prices were going down nationwide [/ QUOTE ] According to every big real estate research group, they're going down fastest in LV.
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#13
10-04-2006, 11:28 PM
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Re: Good time to buy LV Real Estate?
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[ QUOTE ] I thought prices were going down nationwide [/ QUOTE ] According to every big real estate research group, they're going down fastest in LV. [/ QUOTE ] I don't know much about the real estate market but a few months ago I was talking to a friend of mine who knows a little and he mentioned LV as one of the places that was going to crash. I think he also mentioned Florida FWIW.
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#14
10-04-2006, 11:41 PM
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Re: Good time to buy LV Real Estate?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I thought prices were going down nationwide [/ QUOTE ] According to every big real estate research group, they're going down fastest in LV. [/ QUOTE ] I don't know much about the real estate market but a few months ago I was talking to a friend of mine who knows a little and he mentioned LV as one of the places that was going to crash. I think he also mentioned Florida FWIW. [/ QUOTE ] fwiw, both of those locations happen to have a higher than normal rate of real estate and mortgage fraud. There are some lenders who will not lend in certain counties in Florida due to the astronomical amount of fraudulant real estate transactions.
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