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las vegas real estate?
is this the first "POP!"?
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/03/07/MNGOTBLIIR1.DTL
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poof! gone |
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03-07-2005, 11:48 AM
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Location: Nor-Cal
Posts: 4,403
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I just love how someone has to bring a lawsuit into the deal
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03-07-2005, 12:06 PM
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Too big to fail
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Is this Tabs?
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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03-07-2005, 12:13 PM
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Sure as hell looks like him.
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Warren & Ron, may you rest in Peace. |
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03-07-2005, 12:23 PM
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I don't see his espresso machine
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03-07-2005, 12:23 PM
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The decor looks a bit different from what I remember.
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Warren & Ron, may you rest in Peace. |
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03-07-2005, 12:29 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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You can never underestimate the predictabilty of stupidity...
Demographics...100,000 new residents in LV every year....All the land is owned by the BLM..so an acre of developed land ready to build on is 600K.... I know all about Pulte and the GREEDY INVESTORS >>>READ AS STUPID INVESTORS...Overall it hasn't effected new home prices as some analysts thought it would, Pulte got ahead of itself in it's pricing... As of March homes for sale in LV has slipped below 10,000...meaning fewer homes are for sale....and prices are on the rise again...after dipping during the holiday season... TABDULA the Prophet says...prices in LV will probably rise back to the heights reached last summer...and be pretty stable going forward...the real moneis allready been made... BUT CA....problem is there are TOOOOO MANY CHOICHS available.... prices have allready declined by about 15% in San Diego and certain sections of LA.... 1M homes now asking 850K.... As Tabdula the Prophet take a slug of whiskey and says, "I can see it now .... it's becoming clearer " As he takes another big gulp of Whiskey. "The Bears are fatting themselves up on the wild berriers and their coats are becoming long and shaggy...they are getting ready for a long sleep..... the Bulls are sharpening their horns for the great stampead to rutt in the spring and summer....the Stock Market is going to go much much Higher for the next few years...."
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Copyright "Some Observer" |
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03-07-2005, 12:35 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
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Copyright "Some Observer" |
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03-07-2005, 12:39 PM
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I sense he's wearing shoes too.
I'd hate to see the BLM suddenly make a whole lot of land available at lower prices (in a quest to provide "affordability". I don't think they'd be that risk-loving (all sorts of things could happen), but they might.
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1975 911S (in bits) 1969 911T (goes, but need fettling) 1973 BMW 2002tii (in bits, now with turbo) |
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03-07-2005, 12:44 PM
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Location: Tucson AZ USA
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Amazing that a disgruntled "investor" would sue a builder for lowering prices.
Poor wittle investor...Awwwwwww.... Greed knows no bounds (or apparently when to get out!!)
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Bob S. former owner of a 1984 silver 944 |
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03-07-2005, 05:47 PM
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Or that risk implies downwards as well as upwards price movements.
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1975 911S (in bits) 1969 911T (goes, but need fettling) 1973 BMW 2002tii (in bits, now with turbo) |
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03-07-2005, 05:51 PM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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This Doncov fellow is a whining pussy speculator!!! He's no investor!
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03-07-2005, 06:07 PM
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Join Date: Sep 2001
Location: Tucson AZ USA
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Turbo..Thats why I put it in quotes!!!!!!!
But don't you feel sorry for him nonetheless? (Yeah, sure...)
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Bob S. former owner of a 1984 silver 944 |
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03-07-2005, 06:14 PM
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Location: IL
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Quote:
 TABDULA the Prophet says...the Nasdaq will probably rise back to the heights reached last summer...and be pretty stable going forward...the real moneis allready been made...
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Database and Website Consulting Services in Chicago |
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03-07-2005, 06:50 PM
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Location: Huntington Beach, CA
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I was reading that all the Major REITS have pulled out of the Las Vegas rental market. Lots of small investors are buying at crazy cap rates.
This is going to get really scary and quick. Michael
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1984 Carrera Targa Sold to fellow Pelican 1973 911S Targa - Sold to fellow Pelican. |
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03-07-2005, 07:41 PM
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All of these "gains" are totally fake.
There was a shocking statistic I read the other day. Yes, housing sales are way up. But the percentage of houses sold last year that were sold to speculators was unbelieveably high. I think it was pushing 40% or something like that. So these big price increases are nothing but hot air. They aren't being driven up by legitimate buyers or real market forces. Speculator-driven price increases are not real and never stick once the speculators begin pulling out. |
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03-07-2005, 07:42 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I don't make this stuff up
Quote:
I went and visited a USA homes development in my area....727K for 3184 sq ft..... What you don't undrstand is the Demographics....people are moving here...they want to come here...this is the hottest city in the USA...now don't ask me why? CA prices have topped out and are even declining...but LV continues to sizzle...
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Copyright "Some Observer" |
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03-07-2005, 11:13 PM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Click your shoes, tabs, and repeat to yourself,"There's no place like..."
"It's not really a lie, if you believe it."  George Castanza
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03-08-2005, 05:22 AM
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Quote:
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Warren & Ron, may you rest in Peace. |
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03-08-2005, 06:01 AM
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Tabs, so besides the gaming, liquor, and endless sand, what exactly is the attraction of LV? I expect the 8K/month influx will be greatly tempered once the folks there experience one or two summers. Well at least they have big backyards for pools... |
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03-08-2005, 06:15 AM
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1985 Porsche 911 3.2 (Still in the stable)
1993 BMW 740 IL (Sold)
1985 Mercedes 380 SL (Sold)
1992 Harley Davidson Fatboy (Sold)
1971 Mercedes 280 SL (Currently being restored)
Carrera
2003 996
04 Jeep
1975, 1969 Porsche 911S, 911T 2.7S CIS, 2.0T ca
