Is it too late?

I came across this report on CNBC news about Las Vegas real estate and the return of all the out of state investors looking to buy up cheap bank owned homes in Las Vegas since prices have gone down so much from all of the foreclosures. You can watch it by CLICKING HERE.

“Investors with Nerves of Steel” — too funny.

What was also funny about it is that I caught my car in the shot in front of the new homes being built at the beginning of the video being shot. These were in the guard gated golf course community of Rhodes Ranch (yes… I know my homes when I see them) and I was with an investor from Hawaii looking at a special being offered for a new Rhodes Ranch home that fell out of escrow. I even know the exact street when the camera was panning down down the row of built homes shortly afterwards.

(By the way… the $350,000 home that was once purchased for over $570,000 is in the Tournament Collection at Rhodes Ranch .)

Been there… done that… seen it… about a month before it made the news. And so has my investor from Hawaii… If you’ve ever read a Peter Lynch book on investing you know what I’m hinting about here and why my car was parked in front of some new homes being built in Las Vegas.

Paul Francis, CRS
Your Home for Las Vegas Real Estate
702.592.3058