| View previous topic :: View next topic |
| Author |
Message |
eerie
Joined: 03 Oct 2006
Posts: 185
|
 Posted: Sun Jan 21, 2007 6:40 pm Post subject: Foreclosure houses are high in Vegas |
 |
|
I just looked at the VEGAS foreclosures, and they are in the $250-500K range.
WAY TOO HIGH.
The prices have to drop, even though many banks will lose money. |
|
| Back to top |
|
 |
SeeMe
Joined: 19 Jan 2007
Posts: 49
|
| Posted: Sat Feb 03, 2007 8:34 pm Post subject: |
|
|
| Well - they foreclose at the price at the price the person owed at the time - to be honest, I think that those prices are already significantly less than the amount the bank was owed. $250K is a pretty low price for a house in Vegas. |
|
| Back to top |
|
|
eerie
Joined: 03 Oct 2006
Posts: 185
|
| Posted: Sun Feb 04, 2007 3:50 pm Post subject: |
|
|
Actually, the bank lists the house at the last appraisal price.
And six years ago, houses in Vegas were almost half the price they are now.
It was a false housing shortage that drove the house prices up in Vegas. It wasn't a natural rise, and not suppy and demand. |
|
| Back to top |
|
|
SeeMe
Joined: 19 Jan 2007
Posts: 49
|
| Posted: Fri Feb 23, 2007 6:05 am Post subject: |
|
|
| That's actually pretty common in the west right now - Californians appear to be migrating and driving up prices as they go. If they listed it at appraisal price, it still seems pretty low. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
