With 5,000 people moving here each month, somebody had to spill the beans!

Las Vegas Real Estate Discoveries That Could Have Been Better

  1. During the weekend, Melissa, Neil, Sarah and I checked out a some model homes in several neighborhoods throughout the Las Vegas Valley.  In two neighborhoods, they indicated that they were almost sold out. . .only six or so homes left.  Good news, right?

    Well, not exactly.

    After asking a bit more, the builder simply decided to stop building (for now).  Depending on the neighborhood, there were 20-40 empty lots that were going to stay empty until the economy recovers.  I would guess those folks living in those neighborhoods aren’t terribly happy.

  2. Saw online a house in our area that was being foreclosed.  The price was AMAZING.  In reviewing the photos of the interior of the house, I saw that all the cabinetry in the kitchen were missing.  I emailed the Realtor:

    ME: What happened to all the kitchen cabinets in this house?

    REALTOR: The kitchen cabinets were all missing when we first gained access to the property upon our assignment from the bank.  So as far as we know they were stolen previous to that.  We don’t know by who.

Huh?!?  Who steals the cabinets out of a house?!?  For the love of god, if you can’t afford the house, you don’t get to keep the cabinets as a parting gift.


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Comments

6 Responses to “Las Vegas Real Estate Discoveries That Could Have Been Better”

  1. Las Vegas Real Estate Discoveries That Could Have Been Better | Virginia Modular Homes
    October 17th, 2008 5:06 pm

    […] Las Vegas Real Estate Discoveries That Could Have Been Better Share and […]

  2. Ted Newkirk
    October 17th, 2008 5:25 pm

    With unemployment predicted to be close to 9% here for the next two years, the housing glut will see no end in sight.

    Although lack of new construction would normally tighten the market, we could easily not only see growth here stop but I could easily see the area population actually show a slight decline in 2009.

    Crazy thoughts when Las Vegas has seen decades of growth? Maybe not. You have probably 300-400,000 people living here who have only been here a few years and only seen the boom side of things. They’ve never seen the flat economy or slower times like we had in the early 90’s. Many who were living large directly based on the hot economy (IE, jobs that really relied on a good economy as opposed to jobs or businesses that are chronically in demand).

    I believe we’ll see a pretty significant number of people either return to their original cities (in the case of those who came from back east) and we’ll see California transplants continue their progress away from the Golden State (moving to Phoenix, Albuquerque, Denver and similar) as the cost of living in California is still prohibitive.

    Las Vegas is still a great place to live if you have a job not dependent on the local economy (IE, like what Scott does) or an “old school” type of corporate job that will always have some need (like Melissa does).

    On another note: Gaming wins have dropped to 2006 levels. In 2006, we were looking at a boom time. Every Tom, Dick, Harry and George (Clooney and Maloof) had expansion plans. Now, those same numbers are considered a bust even though tourism counts are stable.

    The news of us having a recession (strictly in relation to tourism) is not accurate. The local economy is in a bust, but tourism is very stable.

  3. Phil Wittig
    October 21st, 2008 5:58 pm

    I looked at a house on Ratite that had all of the cabinets, interior doors and plumbing fixtures removed. I was surprised they left the light fixtures. One realtor said he had seen houses with the electrical wiring removed! It’s so sad to see these nice houses trashed.

  4. ScottW
    October 21st, 2008 6:25 pm

    Yep Phil, that was the house. Didn’t know that the interior doors were removed as well. Who the hell does that? Crazy. . .talk about a bad karma move.

  5. Kari
    December 29th, 2008 9:20 pm

    Interesting to scour Craigs list where individuals actually state they are going into foreclosure and everything in the house is being sold….including cabinets. Have read some ads that say “bring your own tools to remove.” It’s a shame what people do….

  6. ScottW
    December 29th, 2008 10:58 pm

    Yikes. . .crazier that somebody would *answer* that ad!

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