ST Alpha - "I love that the zillow article has Las Vegas as the 5th best city to invest in real estate." (Reading a Post)

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I love that the zillow article has Las Vegas as the 5th best city to invest in real estate.

Posted by ceregon Jan 13 '11, 08:56

I think more people are starting to figure out the incredible cash flow you can get (plus being able to write off your vegas trips). Now all we need are for banks to start loaning money again.

My first house (1700 sq ft) sold for 292k in 2006, bought for 120k in 2010.
My second house (2300 sq ft) sold for 315k in 2006, bought for 123k in 2010.

Even if they only get half their value back, that's still some serious appreciation for capital gains, not to mention being able to rent for 2.5 to 3 times the total expenses while waiting for the market to recover.

Responses:

*crosses fingers* is rolling meadows #1? -- nm - dogbert Jan 13, 09:00 2
- Nope, Vallejo CA...they are basically looking at the markets that over corrected and have the best chance of coming back -- nm - ceregon Jan 13, 09:03 1
  - correction: Merced CA is #1, Vallejo CA is #10 -- nm - ceregon Jan 13, 09:06
BTW, I think you're taking our "Fucking renters" saying the wrong way -- nm - oblique Jan 13, 08:57 5
- I sure could in LV, there are so many desperate show girl/model types that would be happy to trade favors for rent. - ceregon Jan 13, 09:02 4
  - That last line explains the bjj a little better. -- nm - sycor Jan 13, 09:18 2
    - The last line is how you get them to go away. Otherwise they follow you around. -- nm - ceregon Jan 13, 09:19 1
      - sure sure. - sycor Jan 13, 09:21
  - Deliciously creepy. -- nm - Mop (216 lbs) Jan 13, 09:13

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I love that the zillow article has Las Vegas as the 5th best city to invest in real estate.

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