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  #11  
Old 07-09-2011, 04:09 PM
mikevegas mikevegas is offline
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Heim,
I would not want the mortgages you refer to.
But I still feel sorry for them.
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  #12  
Old 07-12-2011, 12:50 PM
Twoniner Twoniner is offline
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Any areas in Vegas that didn't get destroyed housing wise? Seems to me this is one of those areas where you didn't really have much of a chance if you wanted a house.
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  #13  
Old 07-12-2011, 05:19 PM
Samo Samo is offline
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Quote:
Originally Posted by Twoniner View Post
Any areas in Vegas that didn't get destroyed housing wise?

A real estate broker sends me a monthly LV housing report. The latest one states:

"The data is directly from the Multiple Listing Service (MLS).



Foreclosures continue to pull the market sales prices down. Bank-owned properties are selling for an average of $61/sf which forces all short sales and private party sales to be lower. The good news is, this is $1/sqft higher than last month. The overall Las Vegas valley price per square foot sale average hit a new low in June of $68/sf."
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  #14  
Old 07-12-2011, 09:08 PM
WarDekar WarDekar is offline
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Quote:
Originally Posted by Twoniner View Post
Any areas in Vegas that didn't get destroyed housing wise? Seems to me this is one of those areas where you didn't really have much of a chance if you wanted a house.
I'm not sure anyone that bought anything in Vegas pre-bust (last couple years before-so, obv not talking way back) can be considered sharp in anything.
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  #15  
Old 07-18-2011, 07:55 PM
Samo Samo is offline
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Quote:
Originally Posted by Heimie View Post
Who wouldn't walk away since banks played the biggest role in creating it,
however, it's just the irony of the the situation, Fezzik included. You have
E60/ESPN doing features on these two with the in game wagering.....they
sit there portraying numbers geeks that make money at this, filtering
all this info during a game and finding value in a number, yet the biggest
investment they make in life, a house, they get buried. What's Fezzik's
house worth now?
Just got a Real Estate report from the agent for a housing development I would judge to be similar to Fezzik's (same area, etc.):


"The June Average Sales Price per Square Foot for the 22 sold homes dropped significantly to $119/sf.

Seven bank-owned homes sold for an average sales price of $104/sf.

Four short sale homes sold & the average sales price increased to $121/sf in June.

The 11 remaining sold homes averaged $128/sf, a significant decrease. (Neither a foreclosure nor a short sale)."


" What's Fezzik's house worth now?"


You could work it out from the above and get a good estimate.

UPDATE: Now that I think more about it - you could get some idea, but have no idea what extras his house has, the size of the grounds, etc.

Last edited by Samo; 07-18-2011 at 09:46 PM.
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