Reviews & Comments
Las Vegas, NV
Housing market -
10/1/2013Be careful! Las Vegas went through an amazing growth spurt in the last 15 years, and homes went up all over the valley. Many people bought homes when the banks had lowered their lending parameters, and I see them caught either in a mortgage they can no longer afford, in a home that is worth hardly half what it was when it was purchased, or both. (Believe me, it is very frustrating to know people who are going out there now and buying larger, newer homes than mine for a great deal less now.)
The result of this is an abundance of foreclosures and short sale homes.
I have seen my neighborhood go from a nice, quiet, family friendly group of homes to half-empty, semi-neglected rentals. This has created an increase in all of the negative things I was trying to avoid by buying far from the city center.
I like my home very much, but I would hate to have to add my cozy oasis to the growing number of empty homes in the area because of the unsafe influences that are creeping in.