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Las Vegas, Nevada Real Estate Agent Real Estate Bl Las Vegas, Nevada Real Estate Agent Real Estate Bl Web Log about Las Vegas, Nevada real estate, including homes, condos, high-rise condos land and industrial commercial real estate. I discuss Las Vegas residential and commercial real estate news, market statistics reports and investment properties. P Articles
Why and how this blog and its companion web-site Las Vegas homes, condos an
2007-09-08 04:28:00 Background My dear wife Karen, whose opinion I value greatly, told me that she didn’t like the last few posts and that these posts were not reflective of my personality and style. I agree and will change things accordingly. First a few words about me so you can get a picture of my environment as it is essential to this discussion. A bad accident can be a point of discontinuity in a person’s life and an auto accident turned mine upside down in October 1996 and due to the same accident I don’t remember much about my life prior to the accident other than being a habitual underperformer. I had studied electrical engineering and ended up with a low C average and was drifting through life aimlessly. One day I came across a quote from Michael Jordan. It said “AT SOME POINT YOU HAVE TO STOP ASPIRING TO BE THE MAN YOU WANT TO BE AND START BEING THE MAN YOU ASPIRE TO BE”. I went back to school the next semester and started taking courses again. There I met two people who had a profo... More About: Las Vegas Homes , Las Vegas , Blog , Site , Homes
Why and how this blog and its companion web-site Las Vegas homes, condos an
2007-09-08 04:28:00 Background My dear wife Karen, whose opinion I value greatly, told me that she didn’t like the last few posts and that these posts were not reflective of my personality and style. I agree and will change things accordingly. First a few words about me so you can get a picture of my environment as it is essential to this discussion. A bad accident can be a point of discontinuity in a person’s life and an auto accident turned mine upside down in October 1996 and due to the same accident I don’t remember much about my life prior to the accident other than being a habitual underperformer. I had studied electrical engineering and ended up with a low C average and was drifting through life aimlessly. One day I came across a quote from Michael Jordan. It said “AT SOME POINT YOU HAVE TO STOP ASPIRING TO BE THE MAN YOU WANT TO BE AND START BEING THE MAN YOU ASPIRE TO BE”. I went back to school the next semester and started taking courses again. There I met two people who had a profo... More About: Las Vegas Homes , Las Vegas , Blog , Site , Homes
Why and how this blog and its companion web-site Las Vegas homes, condos an
2007-09-08 01:19:00 BackgroundMy dear wife Karen, whose opinion I value greatly, told me that she didn’t like the last few posts and that these posts were not reflective of my personality and style. I agree and will change things accordingly.First a few words about me so you can get a picture of my environment as it is essential to this discussion. A bad accident can be a point of discontinuity in a person’s life and an auto accident turned mine upside down in October 1996 and due to the same accident I don’t remember much about my life prior to the accident other than being a habitual underperformer. I had studied electrical engineering and ended up with a low C average and was drifting through life aimlessly. One day I came across a quote from Michael Jordan. It said “AT SOME POINT YOU HAVE TO STOP ASPIRING TO BE THE MAN YOU WANT TO BE AND START BEING THE MAN YOU ASPIRE TO BE”. I went back to school the next semester and started taking courses again. There I met two people who had a profoun... More About: Las Vegas Homes , Las Vegas , Blog , Site , Homes
Help is under way for Las Vegas distressed home owners with strings attache
2007-09-06 05:53:00 Following are excerpts from an article published in FHA Mortgage Guide by Peter G. Miller1: “The Administration Will Also Launch A New FHA Initiative Called “FHA-Secure.” The President has asked Secretary Jackson to pursue important administrative changes to give FHA the flexibility to help more families stay in their homes during this time of transition in the mortgage market. The FHA-Secure program will help people who have good credit but who have not made all of their payments on time because of rising mortgage payments. For the first time, FHA will be able to offer many of these homeowners an option to refinance their existing mortgage so they can make their payments and keep their homes. FHA will also charge mortgage insurance premiums based on the individual risk of each loan, using traditional underwriting standards, so it can expand access and help even more families.”2: “The President Calls on Congress To Change A Key Housing Provision Of The Federal Tax Code So ... More About: Las Vegas , Home , Vegas , Strings , Owners
Upcoming legislation about removal of the mortgage interest deduction for h
2007-09-05 05:28:00 Rep. John Dingell (D-MI) is planning to introduce legislation that would eliminate mortgage interest deductions for homeowners whose home is larger than 3000 sq. ft.The reason behind this is that in order to discourage people from adding carbon emissions to the atmosphere, U.S. Government should penalize homeowners whose energy use is excessive due to the size of their residence. Yeah right, that’s all our real estate market needs, if this mindless piece of legislation passes, its effect on an already deeply troubled real estate and mortgage industry would be devastating. Mr. Dingles’ timing could not be worst.Furthermore, his argument is fundamentally flawed and for any type of building, including residences the question should be energy efficiency and not the size of a residence. A 4000 sq.ft. home could use less energy than a 2500 sq.ft. home if the larger home uses energy-efficient light bulbs, high grade insulation, energy saving appliances and air conditioning and infrar... More About: Mortgage , Interest , Legislation , Upcoming , Ming
Upcoming legislation about removal of the mortgage interest deduction for h
2007-09-05 04:25:00 Rep. John Dingell (D-MI) is planning to introduce legislation that would eliminate mortgage interest deductions for homeowners whose home is larger than 3000 sq. ft. The reason behind this is that in order to discourage people from adding carbon emissions to the atmosphere, U.S. Government should penalize homeowners whose energy use is excessive due to the size of their residence. Yeah right, that’s all our real estate market needs, if this mindless piece of legislation passes, its effect on an already deeply troubled real estate and mortgage industry would be devastating. Mr. Dingles’ timing could not be worst. Furthermore, his argument is fundamentally flawed and for any type of building, including residences the question should be energy efficiency and not the size of a residence. A 4000 sq.ft. home could use less energy than a 2500 sq.ft. home if the larger home uses energy-efficient light bulbs, high grade insulation, energy saving appliances and air conditioning and inf... More About: Mortgage , Interest , Legislation , Upcoming , Eres
Upcoming legislation about removal of the mortgage interest deduction for h
2007-09-05 04:25:00 Rep. John Dingell (D-MI) is planning to introduce legislation that would eliminate mortgage interest deductions for homeowners whose home is larger than 3000 sq. ft. The reason behind this is that in order to discourage people from adding carbon emissions to the atmosphere, U.S. Government should penalize homeowners whose energy use is excessive due to the ... More About: Mortgage , Interest , Legislation , Upcoming
Upcoming legislation about removal of the mortgage interest deduction for h
2007-09-05 04:25:00 Rep. John Dingell (D-MI) is planning to introduce legislation that would eliminate mortgage interest deductions for homeowners whose home is larger than 3000 sq. ft. The reason behind this is that in order to discourage people from adding carbon emissions to the atmosphere, U.S. Government should penalize homeowners whose energy use is excessive due to the size of their residence. Yeah right, that’s all our real estate market needs, if this mindless piece of legislation passes, its effect on an already deeply troubled real estate and mortgage industry would be devastating. Mr. Dingles’ timing could not be worst. Furthermore, his argument is fundamentally flawed and for any type of building, including residences the question should be energy efficiency and not the size of a residence. A 4000 sq.ft. home could use less energy than a 2500 sq.ft. home if the larger home uses energy-efficient light bulbs, high grade insulation, energy saving appliances and air conditioning and inf... More About: Mortgage , Interest , Legislation , Upcoming , Eres
Why?
2007-09-03 04:23:00 Soldier from LV dies of self-inflicted gunshot, He took antidepressants before returning to IraqLas Vegas Sun Sept. 1, 2007This is all I could do for you brother. RIP
Why?
2007-09-03 04:23:00 Soldier from LV dies of self-inflicted gunshot, He took antidepressants before returning to IraqLas Vegas Sun Sept. 1, 2007This is all I could do for you brother. RIP
Why?
2007-09-03 04:23:00 Soldier from LV dies of self-inflicted gunshot, He took antidepressants before returning to IraqLas Vegas Sun Sept. 1, 2007This is all I could do for you brother. RIP
Why?
2007-09-02 23:30:00 Soldier from LV dies of self-inflicted gunshot, He took antidepressants before returning to IraqLas Vegas Sun Sept. 1, 2007This is all I could do for you brother. RIP
Analysis of a Las Vegas home owner (whose home is facing foreclosure) inter
2007-09-02 04:19:00 Following is an excerpt from a distressed Las Vegas Home owner’s interview with KVBC TV. “”It’s really very hard, very emotional.” Christine Young of Henderson is in a bind like so many in our valley. She refinanced her four bedroom, nearly 2,000 square foot home more than a year ago. And at the time was convinced she was getting into a fixed mortgage.” “It wasn’t fixed. A year later, our arm came up and now we can’t make our arm payment and it’s $700 more than what we were paying and it’s due September 1st.” “Christine blames predatory lenders for signing her up on a mortgage she tried so hard to avoid in the first place. “I thought this guy was the nicest and most honest guy.”” “To avoid foreclosing, Pam put her house on the market several months ago. She’s hoping to sell before they lose the house or lose out even more. “We started at $389,000 and now at $299,000. So we lost $90,000 on what w... More About: Analysis , Inter , Foreclosure
Analysis of a Las Vegas home owner (whose home is facing foreclosure) inter
2007-09-02 04:19:00 Following is an excerpt from a distressed Las Vegas Home owner’s interview with KVBC TV. “”It’s really very hard, very emotional.” Christine Young of Henderson is in a bind like so many in our valley. She refinanced her four bedroom, nearly 2,000 square foot home more than a year ago. And at the time was convinced she was getting into a fixed mortgage.” “It wasn’t fixed. A year later, our arm came up and now we can’t make our arm payment and it’s $700 more than what we were paying and it’s due September 1st.” “Christine blames predatory lenders for signing her up on a mortgage she tried so hard to avoid in the first place. “I thought this guy was the nicest and most honest guy.”” “To avoid foreclosing, Pam put her house on the market several months ago. She’s hoping to sell before they lose the house or lose out even more. “We started at $389,000 and now at $299,000. So we lost $90,000 on what w... More About: Analysis , Inter , Foreclosure
Analysis of a Las Vegas home owner (whose home is facing foreclosure) inter
2007-09-02 04:19:00 Following is an excerpt from a distressed Las Vegas Home owner?s interview with KVBC TV. ?”It’s really very hard, very emotional.” Christine Young of Henderson is in a bind like so many in our valley. She refinanced her four bedroom, nearly 2,000 square foot home more than a year ago. And at the time was convinced ... More About: Analysis , Inter , Foreclosure
Analysis of a Las Vegas home owner (whose home is facing foreclosure) inter
2007-09-02 01:39:00 Following is an excerpt from a distressed Las Vegas Home owner’s interview with KVBC TV.“"It's really very hard, very emotional." Christine Young of Henderson is in a bind like so many in our valley. She refinanced her four bedroom, nearly 2,000 square foot home more than a year ago. And at the time was convinced she was getting into a fixed mortgage.” "It wasn't fixed. A year later, our arm came up and now we can't make our arm payment and it's $700 more than what we were paying and it's due September 1st." “Christine blames predatory lenders for signing her up on a mortgage she tried so hard to avoid in the first place. "I thought this guy was the nicest and most honest guy."”“To avoid foreclosing, Pam put her house on the market several months ago. She's hoping to sell before they lose the house or lose out even more. “We started at $389,000 and now at $299,000. So we lost $90,000 on what we were counting on”, Pam said””. ... More About: Analysis , Inter , Foreclosure
All Las Vegas real estate agents are not equal, pitfalls of being represent
2007-09-01 02:59:00 I am going to break an important business rule and promote a competitor of mine. Why? Credit has to be given when it’s earned and Colin has earned my respect.A good way to gain added value in a real estate transaction in Las Vegas is to buy a property and then up-zone it. For example; buying a residential property and then changing the zoning to office commercial. Millions have been made by savvy investors who bought industrial properties or Las Vegas land and changed the zoning to commercial tourist or MUD1.I have a property on Desert Inn and Oneida Way, for those who are unfamiliar with Las Vegas it is located about seven minutes to the east of Wynn Las Vegas on Las Vegas Boulevard. The zoning for this property was residential and master plan was office. Although this is called conforming zone change, one has to satisfy numerous Clark County requirements in order to change the zoning and obtain a certificate of occupancy. I am a few weeks away from finishing this project a... More About: Estate , Las Vegas Real Estate , Real Estate , Agents
All Las Vegas real estate agents are not equal: the pitfalls of being repre
2007-09-01 02:59:00 I am going to break an important business rule and promote a competitor of mine. Why? Credit has to be given when it’s earned and Colin has earned my respect.A good way to gain added value in a real estate transaction in Las Vegas is to buy a property and then up-zone it. For example; buying a residential property and then changing the zoning to office commercial. Millions have been made by savvy investors who bought industrial properties or Las Vegas land and changed the zoning to commercial tourist or MUD1.I have a property on Desert Inn and Oneida Way, for those who are unfamiliar with Las Vegas it is located about seven minutes to the east of Wynn Las Vegas on Las Vegas Boulevard. The zoning for this property was residential and master plan was office. Although this is called a conforming zone change, one has to satisfy numerous Clark County requirements in order to change the zoning and obtain a certificate of occupancy. I am a few weeks away from finishing this project... More About: Estate , Las Vegas Real Estate , Real Estate , Agents
All Las Vegas real estate agents are not equal, pitfalls of being represent
2007-09-01 02:59:00 I am going to break an important business rule and promote a competitor of mine. Why? Credit has to be given when it’s earned and Colin has earned my respect.A good way to gain added value in a real estate transaction in Las Vegas is to buy a property and then up-zone it. For example; buying a residential property and then changing the zoning to office commercial. Millions have been made by savvy investors who bought industrial properties or Las Vegas land and changed the zoning to commercial tourist or MUD1.I have a property on Desert Inn and Oneida Way, for those who are unfamiliar with Las Vegas it is located about seven minutes to the east of Wynn Las Vegas on Las Vegas Boulevard. The zoning for this property was residential and master plan was office. Although this is called conforming zone change, one has to satisfy numerous Clark County requirements in order to change the zoning and obtain a certificate of occupancy. I am a few weeks away from finishing this project a... More About: Estate , Las Vegas Real Estate , Real Estate , Agents
All Las Vegas real estate agents are not equal, pitfalls of being represent
2007-09-01 02:59:00 I am going to break an important business rule and promote a competitor of mine. Why? Credit has to be given when it?s earned and Colin has earned my respect.A good way to gain added value in a real estate transaction in Las Vegas is to buy a property and then up-zone it. For example; ... More About: Estate , Las Vegas Real Estate , Real Estate , Agents
Las Vegas home and condo market condition past, present and future. What ha
2007-08-31 04:08:00 Las Vegas real estate began to heat up towards the summer of 2002 and really heated up by Feb-2003. During the summer of 2003 new home sales staff would not even let the customers in the sales office. Every time a new home builder announced the opening of a new home sub-division there would be lines formed up to 5 days before grand opening and those who made it to the sales office had to win a lottery for privilege of buying from the builder. Most Las Vegas sales offices had huge waiting lists, and buyers were told they had to wait for more than a year before their turn comes up. The situation got so bad that Pulte raised the price for one their projects in Summerlin by about $200K from high $400,000 to high $600K over a weekend and only 8 buyers dropped out. One has to note that neither fundamentals of economy nor real estate would support such price increases. Las Vegas real estate in 2001-2002 was downright undervalued, and whoever bought at that time will not lose money in any m... More About: Las Vegas , Market , Future , Home , Condo
Las Vegas home and condo market condition past, present and future. What ha
2007-08-31 02:59:00 Las Vegas real estate began to heat up towards the summer of 2002 and really heated up by Feb-2003. During the summer of 2003 new home sales staff would not even let the customers in the sales office. Every time a new home builder announced the opening of a new home sub-division there would be ... More About: Las Vegas Real Estate , Las Vegas Condos , Las Vegas , Market , Future
Las Vegas home and condo market condition past, present and future. What ha
2007-08-31 02:59:00 Las Vegas real estate began to heat up towards the summer of 2002 and really heated up by Feb-2003. During the summer of 2003 new home sales staff would not even let the customers in the sales office. Every time a new home builder announced the opening of a new home sub-division there would be lines formed up to 5 days before grand opening and those who made it to the sales office had to win a lottery for privilege of buying from the builder. Most Las Vegas sales offices had huge waiting lists, and buyers were told they had to wait for more than a year before their turn comes up. The situation got so bad that Pulte raised the price for one their projects in Summerlin by about $200K from high $400,000 to high $600K over a weekend and only 8 buyers dropped out. One has to note that neither fundamentals of economy nor real estate would support such price increases. Las Vegas real estate in 2001-2002 was downright undervalued, and whoever bought at that time will not lose money in any m... More About: Las Vegas , Market , Future , Home , Condo
Las Vegas home and condo market condition past, present and future. What ha
2007-08-31 02:59:00 Las Vegas real estate began to heat up towards the summer of 2002 and really heated up by Feb-2003. During the summer of 2003 new home sales staff would not even let the customers in the sales office. Every time a new home builder announced the opening of a new home sub-division there would be lines formed up to 5 days before grand opening and those who made it to the sales office had to win a lottery for privilege of buying from the builder. Most Las Vegas sales offices had huge waiting lists, and buyers were told they had to wait for more than a year before their turn comes up. The situation got so bad that Pulte raised the price for one their projects in Summerlin by about $200K from high $400,000 to high $600K over a weekend and only 8 buyers dropped out. One has to note that neither fundamentals of economy nor real estate would support such price increases. Las Vegas real estate in 2001-2002 was downright undervalued, and whoever bought at that time will not lose money in any m... More About: Las Vegas , Market , Future , Home , Condo
Pitfalls of not being represented by a realtor when buying a new Las Vegas
2007-08-29 04:26:00 I am always baffled when I see new home buyers in one of the Las Vega s new home sale offices without an agent by their side. Talk about foolishness, why would someone take such a big risk with one of the biggest transactions of their life when there are no rewards? Las Vegas new home buyers have nothing to gain by doing the transaction on their own, as Nevada home builders are prohibited by law from sharing the savings from not paying the Realtor ’s commission with the buyers. It would be understandable if the new home buyers had good understanding of Las Vegas New home market conditions or could obtain the latest incentives offered by new home builders these days. Other issues include an understanding of LIDS and SIDS, future construction in the area which could impact future value of their residence and the saving obtained when buying an inventory house instead of building one from scratch.Such new home buyers fail to understand that as nice as the new home sales persons are,... More About: Buying
Pitfalls of not being represented by a Realtor when buying a new Las Vegas
2007-08-29 02:41:00 I am always baffled when I see new home buyers in one of the Las Vegas new home sale offices without an agent by their side. Talk about foolishness, why would someone take such a big risk with one of the biggest transactions of their life when there are no rewards? Las Vegas new home buyers have nothing to gain by doing the transaction on their own, as Nevada home builders are prohibited by law from sharing the savings from not paying the Realtor ’s commission with the buyers. It would be understandable if the new home buyers had good understanding of Las Vegas New home market conditions or could obtain the latest incentives offered by new home builders these days. Other issues include an understanding of LIDS and SIDS, future construction in the area which could impact future value of their residence and the saving obtained when buying an inventory house instead of building one from scratch. Such new home buyers fail to understand that as nice as the new home sales persons ar... More About: Buying , Resent
Pitfalls of not being represented by a Realtor when buying a new Las Vegas
2007-08-29 02:41:00 I am always baffled when I see new home buyers in one of the Las Vegas new home sale offices without an agent by their side. Talk about foolishness, why would someone take such a big risk with one of the biggest transactions of their life when there are no rewards? Las Vegas new home ... More About: Buying , Las Vegas Homes , Realtor
Pitfalls of not being represented by a Realtor when buying a new Las Vegas
2007-08-29 02:41:00 I am always baffled when I see new home buyers in one of the Las Vegas new home sale offices without an agent by their side. Talk about foolishness, why would someone take such a big risk with one of the biggest transactions of their life when there are no rewards? Las Vegas new home buyers have nothing to gain by doing the transaction on their own, as Nevada home builders are prohibited by law from sharing the savings from not paying the Realtor ’s commission with the buyers. It would be understandable if the new home buyers had good understanding of Las Vegas New home market conditions or could obtain the latest incentives offered by new home builders these days. Other issues include an understanding of LIDS and SIDS, future construction in the area which could impact future value of their residence and the saving obtained when buying an inventory house instead of building one from scratch. Such new home buyers fail to understand that as nice as the new home sales persons ar... More About: Buying , Resent
War with Iran is bad for Las Vegas real estate
2007-08-28 06:53:00 The estimations for the cost of Iraq war vary widely. One estimate shows “A running total of the amount of money spent by the US Government to finance the war, based on estimates from the Congressional Budget Office” to be about 456 billion dollars so far. The same website estimates the cost of war by state and city, the cost to Nevada is about four billion and eighty three million dollars and climbing by $1000 every 30 seconds, Las Vegas ’ share is about 976 billion dollars. These numbers show the present costs and don’t take into account future costs of perusing the war, withdrawal costs or the massive future costs of caring for the veterans who are injured physically or mentally. A 1.2 trillion dollars (that is 1.2 million, million dollars) in Iraq war cost is not out of the realm of imagination. Such money could fund universal health insurance, help pay for upgrading the antiquated infrastructure in many cities like New Orleans or Minneapolis etc… Starting another war... More About: Iran , Estate , Las Vegas Real Estate , Real Estate
War with Iran is bad for Las Vegas real estate
More articles from this author:2007-08-28 02:38:00 The estimations for the cost of Iraq war vary widely. One estimate shows “A running total of the amount of money spent by the US Government to finance the war, based on estimates from the Congressional Budget Office” to be about 456 billion dollars so far. The same website estimates the cost of war by state and city, the cost to Nevada is about four billion and eighty three million dollars and climbing by $1000 every 30 seconds, Las Vegas ’ share is about 976 billion dollars. These numbers show the present costs and don’t take into account future costs of perusing the war, withdrawal costs or the massive future costs of caring for the veterans who are injured physically or mentally. A 1.2 trillion dollars (that is 1.2 million, million dollars) in Iraq war cost is not out of the realm of imagination. Such money could fund universal health insurance, help pay for upgrading the antiquated infrastructure in many cities like New Orleans or Minneapolis etc… Starting another wa... More About: Iran , Estate , Las Vegas Real Estate , Real Estate 1, 2, 3, 4 |
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