Archive for May, 2008

Word to the Times

May 30, 2008

It has been brought to my attention that the Times of London did a piece on Las Vegas foreclosures. In fact, they did two! But I digress. When you have quotes like this, you really need to watch yourself: Gail Burks, the head of the Nevada Fair Housing Centre, a citizens advice bureau, said that [...]

Posted in Distressed Property, Las Vegas Real Estate Comments Off

Two unusual ways to make money in foreclosures

May 27, 2008

In Florida, work is underway to syndicate a little reality show called The Foreclosure Shoppe. It follows the wild adventures of Realtor Tom Bruzzesi as he navigates the tricky waters of the REO world of bank owned property. His competitors call him “The Maniac.” As many strange things as I have seen, I can only [...]

Posted in Distressed Property Comments Off

Huge Data Center in Las Vegas

May 25, 2008

Today, tech news community Slashdot brought us a story from the British news site The Register: a company called Switch Communications — which calls itself “The #1 Rated Disaster Avoidance Colocation and Bandwidth Interconnect Facilities in North America” — is building one of the largest data centers in the world. It’s called the SuperNAP. Here’s [...]

Posted in Las Vegas Commercial Development, Vegas Economy Comments Off

Just a Quick Note

May 14, 2008

I’ve updated the links, and added a section for Realtor Resources. Some of the other new additions include Frugal Vegas and the personal blog of former Secretary of Labor Robert Reich. One of his recent posts is on the housing bill currently in Congress.

Posted in General Real Estate, Realtors Comments Off

Odds and Ends 7

May 10, 2008

Thinking of the Children:  Child advocacy group First Focus has reported that roughly 40,000 Nevada children will be affected by foreclosure.  This is part of 2 Million kids nationwide. Meanwhile, there are about 2,000 homeless teenagers in Las Vegas. Efforts are underway to get them “survival kits” that include “hand wipes, anti-bacterial hand gel, a [...]

Posted in Distressed Property, General Real Estate, Las Vegas Real Estate, Las Vegas Single Family Housing, Mortgage and Financing, Nevada, Vegas Life Comments Off

Not your average bankruptcy

May 6, 2008

Remember some months back that the Tropicana begged workers to put off actually depositing their paychecks? Having lived through The Great DotCom Boom and subsequent bust, I know that this is a great big, glowing “get out now” red flag for any company’s prospects. The inevitable has happened:  Tropicana Entertainment LLC is declaring Chapter 11 [...]

Posted in Las Vegas Commercial Development, Vegas Economy Comments Off

Two Interesting Items

May 6, 2008

TheStreet.com asks and answers 5 Questions about the Mortgage Crisis. Although you know my opinion regarding the local real estate market*, the question remains whether nationally speaking, we are at or near a bottom. Some people say yes. Some people say no. * Inventory is slowly dropping, sales are slowly increasing, prices may continue to [...]

Posted in General Real Estate, Mortgage and Financing Comments Off

Another Reason to Get a Property Inspection

May 3, 2008

If you’ve ever purchased a home, you have had a Realtor tell you that you should get a home inspection. Even if you rent or lease property, you may have had to open your door to an inspector performing “due diligence” as part of the landlord’s purchase/sale of the property. When you are spending hundreds [...]

Posted in General Real Estate, Las Vegas Real Estate Comments Off