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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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This is anedotal evidence. My now ex-neighbor moved to a nice new Pulte home on Silverstone Golf Course in NW LV. He paid 750K for 3400 sq ft on a 1/4 acre lot. He has put 80K into the house for decorating, pool and landscaping.
I have seen 3 houses in the development that have For Sale signes on them for 5 months now. My neighbor told me that a further 4 or 5 houses in a row on his street are going to be for sale with in a short period of time. The asking price is right around 1M, but nothing is moving.
I made my neighbor aware of the impending RE bust before he bought the home, however his plan is to stay in the house till his children are done with HS, which is 10 years away. So he will fine.
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"Some Observer"
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