I love challenges by Chris Elizabeth Griffin, thank you dahling!
Las Vegas Valley Nevada: Real Estate Has Never Been a Better Value. While many people disagreed with me on this one and we are seeing a downturn, this is still appropriately written and applies to today. Notice how I said the demand for housing still exists whether people buy or rent! Written in December 2006 with a different challenge from our favorite Chris Elizabeth Griffin!
Las Vegas Condotels - Sizzle or Fizzle? Losing Bet on Immediate Cash Flow, Placing your Wager on a Long Term Investment: What Joe Doesn't Know! This one details the obstacles that a condotel or high rise buyer will face buying in this market. It was written in November of 2006 and some of my predictions are coming to light in the high rise market today. It also shows that Las Vegas tourism is facing some major challenges and this is why casinos, who have the ability to build more rooms for themselves, are transferring the risks of adding more rooms on to individual owners.
Escrow 911: Subprime Fallout and the Potential Impact on the Las Vegas Valley Rebound. This was written as mortgage products were beginning to tighten up in February 2007. Las Vegas was just beginning to see dents in absorption rate and standing new construction inventory disappear in the beginning of 2007, until this event.
And the Las Vegas Trend is: ::DRUMROLL:: High Density. High density is the name of the game with new construction in Las Vegas. While there is issues in the high rise market, other forms of high density solutions are being rolled out and built and are extremely popular. Patio homes, courtyard homes, townhomes, etc. Written in March 2007.
What Convention, New Resident and Gaming Statistics Really Have in Common with the Real Estate Market in Nevada. Investors need to know this stuff, real estate agents need to know this stuff, buyers need to know this stuff and sellers need to know this stuff. Written August 2007.
The State of the Stated: Las Vegas Residential Real Estate Winners and Losers. This was written after subprime fallout #2 in August 2007. There will be winners and there will be losers. Check em out in this post!
So there you have it, my six pack of favorite posts, maybe inspired by others but always drafted and carefully crafted by no one else but me :) I pull my own statistics and speculate on market winners and losers. I put myself on the web naked for everyone to see (metophorically, ok?) and open myself up to kudos and scrutiny.
It appears I have much more reading material for tomorrow :-) A couple of your posts that you've mentioned I read, but there are a few more that have peaked my interest.
I loved Chris's challenge also. Even though I've only been on the Rain since August I had fun adding "my" six pack.
So there you have it, my six pack of favorite posts, maybe inspired by others but always drafted and carefully crafted by no one else but me :) I pull my own statistics and speculate on market winners and losers. I put myself on the web naked for everyone to see (metophorically, ok?) and open myself up to kudos and scrutiny
You just keep on being you! When the consumer meets you, they'll know it is you. Isn't that what we want and they deserve?
Nice to stay market oriented unlike mine..I only applied one real post and the rest were so poorly written but funny.
funny Kris and I had the same exact thought... I was just going to cut and paste your last paragraph and I looked up and it was already done..........
Very very well said my friend... I might have too steal some of it in the future!!
Kris: Absolutely! I am happy to find new members with talent (such as yourself) over here on the rain constantly :)
Neal: Yours are always written with brilliance and humor. We all need that right now!
Sharon: It's fun to go back and see!
Dez: Steal away as I move up in fantasy football. MUhahahahahHA
John S: In that post I stated an inherent need for housing. Whether rentals or individuals buying. What we have now is a mad rental market. How many people bought at "the top" and can afford their payment with ease but now wouldn't even have a loan program available for them today? How lucky are they to not be stranded in a HOT rental market with prices climbing? Stuff that has been moving this year is because of price. They may not have even bought at the top, they may have found an incredible bargain near the bottom and ahead of the curve. Inventory did begin to fall just prior to the mortgage meltdown in late February. This article was written two months prior and I did mention in my comments about economic stability. I do believe the disappearance of some key mortgage products has something to do with economic stability :) IOW: Those that did buy are still lucky to this day. Nothing has changed. Otherwise, I would not have posted that in my six pack.
William: Thanks for the kind comments :)
Renee, A couple of your posts pre-date my involvement on AR so I'm off to read them. As usual, I'll let you know what I think, but it won't be bad, I'm sure.
Bill Roberts
Renee, Actually, it is even better than anticipated. I think that a couple of your old posts need to be re-published to get the word out to more people. Good work.
Bill Roberts
Bill: Maybe you missed my post that I had in draft and threw out both at the same time: Las Vegas New Construction, Foreclosures and Rentals: Let's talk about the good markets! The in-laws were in town so I had to use the draft feature. Even with the blossoming numbers of REO listings, the foreclosure market is moving and is one that bears watching!
Rey: :grin: Thanks for stopping by!
This 6 pack idea has really caught on and is causing me to lose a lot of sleep trying to catch these posts I missed. I enjoyed going back and doing my 6 pack.