derik wrote:
最近爸媽被在美國做房...(恕刪)
First at all, sorry I can't type in chinese here.
I lived in Vegas over 6 years.
Sold my house(3900 sq feet,3 years old, locate in Summerlin) .
We sold it much less than 400000 USD around 2002 befor the price jump up.

Here are some pictures-




We still have lots friends live in Vegas and noone suggest us to purchaase houses in Vegas now.
My personal Suggestions:
1. No one going to pay you 1500~2000美元的租金 in Vegas now.
People who can afford 1500~2000美元的租金 will buy but rent the house.
2. Don't buy any house in Vegas which is older than 10 years.( 5 years should be more safe)
There are too many newer houses in Vegas to purchase.
3. 18% of vegas houses are under 法拍 now. It will go worse but should not be too bad.
4.爸媽準備收租金...Go for multiple condos but one big house.
5. We also looking for purchase another house but 2 years later will be the best time for us.
If we do find the house we want now....We will still go for it but cut the price down.
Now is buyer market.
Hoping these can help you out.
增加-------------

My brother in law just purchase his first house in US last month.
The house price is around $480000 USD.
Gated community,Brand new house in Torrance LA, over 2000 SQ Feet with lots of upgrade .
They are move in next month after the house finish duilid up.
Even the house price is stll droping, I think he got a ok deal on a brand new house.
Yes, he is paying around 1200 on renting now and going to pay 1500 USD for his 30 years house mortgage.
derik wrote:
最近爸媽被在美國做房...(恕刪)
你姨媽真是佛心
VEGAS房地產只有外國的好野人才敢買
你放心40萬美金比起2006年底2007年初便宜
請你明年房價跌回20萬時通知一下
No one is buying house in Vegas, real estate in Vegas is worse than gamble.
Economic is getting bad in US, people is not gambling as much as before, and gas cost too much to drive to Vegas for a weekend, Airlines are cutting flight to Vegas, and casinos are laying off employees, who is moving over there?
My MGM stocks are down 50%

aloha wrote:
No one is buying house in Vegas, real estate in Vegas is worse than gamble.
Economic is getting bad in US, people is not gambling as much as before, and gas cost too much to drive to Vegas for a weekend, Airlines are cutting flight to Vegas, and casinos are laying off employees, who is moving over there?
My MGM stocks are down 50%
To people live less than 20 years in US/Canada, a lot of them think it is time to buy.
mutex wrote:
To people ...(恕刪)
I live in US for past 15 yrs, and I still don't think it it time to buy yet.
Maybe Hawaii doesn't really qualify as US....
All the housing booms were happen right after 911, after Fed lower the interest rate to 0.5% something like that. And even a monkey can get a loan to buy house. I saw a lot of friends flip their house quicker than their car, and for those who exist out around 2006, they make a killing. for people stay in the game, they are the looking for another idiot to buy from them.
Vegas is the worst market in US, dropping 25% along last year, and people is predict another 25% drop. (At least) So if you plan to flip the house now is not the time. if you plan to stay in your house for a long time, maybe end of year will be better time to buy. Well, I am not expert in housing market so don't believe me, PLEASE keep buying it so the economic will not tank faster than a brick of rock.
Erickson803 wrote:
The house price is around $480000 USD.
Yes, he is paying around 1200 on renting now and going to pay 1500 USD for his 30 years house mortgage.(恕刪)
Can you tell me what kind of mortgage he is getting?
Usually you can use about $600 for every $100,000 you borrow.
so $1500 per month will get you somewhere around $230,000 to 260,000 30 year fix mortgage.
is he putting 50% cash down to buy the house? not that many people have that kind of money sitting around for down payment.
Or is he using ARM?
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