It is currently Thu Mar 28, 2024 6:49 am

All times are UTC - 8 hours [ DST ]




Post new topic Reply to topic  [ 6 posts ] 
Author Message
PostPosted: Wed Jul 23, 2008 2:35 pm 
Offline
Loco Artist
Loco Artist
User avatar

Joined: Mon Jun 02, 2008 1:42 pm
Posts: 429
Given: 73 thanks
Received: 158 thanks
http://www.citycenter.com/luxury_las_ve ... -City_Corp

I was in Vegas Sunday to tuesday and noticed them building this next to Monte Carlo...I think it's HOT!!!, and would be great investment prop(given they are falling under the prop market these days, and aren't an arm and a leg)....

_________________
Image


Top
 Profile  
 
PostPosted: Wed Jul 23, 2008 2:45 pm 
Offline
Obsessed
Obsessed
User avatar

Joined: Sat May 31, 2008 9:54 pm
Posts: 5106
Location: Del Mar Highlandsish
Given: 9364 thanks
Received: 5395 thanks
Bike(s): Mantis Ghost
Favorite Trails: Vernal Pools
isn't vegas one of those areas that was inflated? like phoenix?


Top
 Profile  
 
PostPosted: Wed Jul 23, 2008 2:49 pm 
Offline
Loco Artist
Loco Artist
User avatar

Joined: Mon Jun 02, 2008 1:42 pm
Posts: 429
Given: 73 thanks
Received: 158 thanks
not sure, but I wouldn't doubt it, just thinking about how nice it would be to have rental prop there...the place is none stop visit center...but its a risk you never know.

_________________
Image


Top
 Profile  
 
PostPosted: Wed Jul 23, 2008 3:17 pm 
Offline
Active Participant
Active Participant

Joined: Tue Jun 03, 2008 10:46 am
Posts: 442
Location: South Boston
Given: 27 thanks
Received: 265 thanks
Bike(s): Giant Reign X1, Niner AIR 9
Favorite Trails: LC, NC, FOMBA, HP, BHs
Ld00d wrote:
isn't vegas one of those areas that was inflated? like phoenix?


Big time. I'd avoid it bro. If they can't sell enough units, and the building goes rental, your f'ed.

As you probaly know, you'll also need 20% down no matter what your credit is right now. I'd imagine that place is at least in the $400s, and $80ks alot of scratch.

_________________
this is simply an everyday tale of life, longing and mindless vandalism. everything is true, especially the bit where we all lie.


Top
 Profile  
 
PostPosted: Wed Jul 23, 2008 3:39 pm 
Offline
Moderately Obsessed
Moderately Obsessed
User avatar

Joined: Mon Jun 02, 2008 4:33 pm
Posts: 637
Given: 491 thanks
Received: 481 thanks
Citycenter (like its name) is supposed to be the new "center" of the Las Vegas Strip. There's going to be a huge new mall, casinos, clubs around that place. So you might want to roll the dice and invest in a condo there. That being said, I agree with the other poasters that there's still too much inventory in Vegas and that the market is just too speculative right now.

Also, one of the fundamental questions you need to ask is why stay in a condo in vegas when you can just pay for a hotel?


Top
 Profile  
 
PostPosted: Wed Jul 23, 2008 3:52 pm 
Offline
Loco Artist
Loco Artist
User avatar

Joined: Mon Jun 02, 2008 1:42 pm
Posts: 429
Given: 73 thanks
Received: 158 thanks
Phonger wrote:
Citycenter (like its name) is supposed to be the new "center" of the Las Vegas Strip. There's going to be a huge new mall, casinos, clubs around that place. So you might want to roll the dice and invest in a condo there. That being said, I agree with the other poasters that there's still too much inventory in Vegas and that the market is just too speculative right now.

Also, one of the fundamental questions you need to ask is why stay in a condo in vegas when you can just pay for a hotel?

lengthy stays, if someone needs it for a month I'm pretty sure I beat most hotels in price. ...and since I control rent I can always stay under the hotels asking prices during times like conventions or popular holidays...but the other points are valid esp the one about not selling all the units and it turning into rental apartments...its scheduled for 2009 opening in the spring...so lets just see what happens...plus I got lots of expensive events coming in my life...it was just a really nice idea. guess the old adage is true, gotta have money to make money...

_________________
Image


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 6 posts ] 

All times are UTC - 8 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 19 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group