The site may look the same as it did before however I've upgraded the DNN CMS framework with a new version. It is much more scalable, stable, and has more options compared to the previous version.
On to some Las Vegas real estate talk . . .
I was talking to my friend the other day and we were noticing that a lot of the high rise and mid rise condo projects are still proceeding despite the lull in the national market. Granted, there are properties out there that are not selling for many months but I think that everyting in life is relative. The Las Vegas market is NO WHERE near what it was a few years ago and any sudden change in life will have an impact on people . . . This happens in the stock market, oil industry, and any aspect of life where money changes hands.
The thing that I think keeps real estate a valuable commodity is that it provides a life sustaining function of shelter. No matter how bad the economy gets, no matter what level of "terror" the government says we should be afraid of, people will always buy houses to provide shelter.
Just two or three years ago there were three camps of home buyers: pure investors, homeowners looking for the added benefit of an investment, and pure homeowners.
The elite tier of investors (aka - speculators) have for the most part been driven out of markets across the country. This is what you hear about on the news . . . the politics of fear . . . the crash of the market . . . the end is near. What they fail to mention is that it is that true investors can weather any storm and have seen this all happen before. This is when they thrive! The casual speculators that jumped on the trend and tend to complicate things are the ones that scream the loudest. As with anything else in life, the squeaky wheel gets the grease.
The middle group of buyers are those who purchased a home not only to live in but to invest in as well. Only some of these people are being driven out of the markets because they got in over their heads with subprime mortgages and bad decisions to try to get in to more home than they could afford. These owner-investors fell victim to the hype of a "too good to be true" deal . . . The rest of the people in this group (myself included) made sound decisions on properties that they could not only afford but wanted to live in despite market conditions. When I sold my house and bought another three years ago I knew that I could afford it and would love to live there for as long as I had to or until an offer came along that I couldn't refuse. I have plenty of equity, no debt, and no worries.
The third group of buyers will always be around . . . rain or shine, sink or swim, feast or famine. The third group are the people who just want a home to live in. I'm not worried about these buyers. They will always want to buy and sell homes based on the value of the service that the home provides . . . not the current market value.
Like what you hear? Give me a call and we can talk real estate on a real, honest, and upfront level. No sales tactics, no smoke or mirrors.
Here's a little entertainment . . . an old video that my father recorded of a UNLV basketball play that may be the best in college hoops history. Jarvis Basnight steals the ball, goes behind the back, and jumps over the defender to dunk the ball. Recognize the commentator? It's the legendary Lakers announcer Chick Hearn! Enjoy: