Most people hear about the doom and gloom of real estate and the current financial markets. What i am trying to accomplish with my reporting is to try and open people up to the tremendous opportunity that is currently available to people who are in the right position. I have mentioned before that Las Vegas is always effected later and recovers quicker than any other city in America when there is trouble in our nations Real Estate markets or financial sectors. Since the beginning of the year sales have continued to climb back up while the price's are still lower than usual. One must understand that we have set records for several years straight in Las Vegas and just because things took a turn for the worst doesn't mean we suffered as much as other city's in America. Let me use an analogy to explain better, ok picture yourself sitting at a black jack table, you've played 10 straight hands and have won each time with a minimum bet of $5. So now your up, the next five hands you lose with a minimum bet of $5 bucks, but in reality your still up but not as much as before. This is similar to what has been happening here in our local Real Estate markets we were up for a long time and now we have slipped but in actuality we are still up because of how high we had gotten when things were in our favor. There is a whole lot of opportunity in our Real Estate market right now and you have to have people on your side who understand this and could find the deals that are lucrative. All across the board there can be deals found that are great and especially in the High rise Condo sector. Right now the most attractive deal i have come across is a Sky Las Vegas High rise 1 bedroom Condominium located on the 17 floor with Strip views for ONLY $359,000. This is absolutely a fantastic deal considering that Sky las Vegas is the only residential High rise Condominium development directly on the Las Vegas Strip right now. Surviving at the top is exactly what Las Vegas vertical property's are doing and will continue to do for years and years to come.
Wednesday, April 23, 2008
Surviving at the Top.
4:56 PM
Makea Turner
