Chris wrote on September 14, 2009 12:02 PM: You know damn well G. W. Bush put the country in this mess. The president's been in office about 7 months. I agree with what you said until you tried to blame this mess on President Obama.

Kevin wrote on September 14, 2009 05:26 AM: Vegas Owner said "Las vegas still has some of the cheapest rents in the country, nearly half any major city, NY, LA, Chicago, etc". Maybe if you dont mind bars on your windows and hearing/seeing shots fired everyday!As the cost of living goes up and our rasises at work are little to non- existent we will continue to see people running for the statelines like roaches when the lights are turned on! If Vegas can't get it together they can cash their chips in. People can, and will only put up with this crap for a very limited time before they have no choice but to move out of this state. The problem is there are no jobs, no where to off set their moves. Hence forth a geographic change with no benifits! Just about every business in town has or is laying people off. Maximum unemployment benefits after taxes of around $380 a week does little to help the household bread winner that was bringing in $1,500 wkly. You can cut out the cable, run around burning candles,drop the steak for the Hambuger Helper and you're still screwed. All this while Oboma continues to run whats left of Americas democracy down a Socialistic path why we stand by and "WATCH THE CHANGE". We'll you voted for the "Change" now reap what you sow!

Chris wrote on September 14, 2009 02:42 AM: No jobs in Las Vegas = No renters and No home buyers. People are moving in with friends and relatives, sharing homes. These rents should be falling even more than they are. It's far better to rent a condo that is owned by someone, they will rent it cheaper, than a commercially owned apartment complex. It's a big rip-off with 'non-refundable' pet deposits, and then add 'pet rent' on top of it. Shop around there are places that are willing to work with you, and not rip you off.

StockMaster wrote on July 30, 2009 01:05 AM: Viva Las Vegas. I'm buying a house out here next Spring to early Summer. I expect more drop in prices. Might even wait till the fall and really scoop up a nice deal out of someone's desperation. So glad I don't "work for the man" I trade stocks and options and times have been "VERY GOOD" Cheers ~~~ as I sip my tall Guiness.

steve wrote on July 29, 2009 04:18 PM: i work in real estate and i am worried that we are going to have yet another tidal wave of foreclosures from people buying these foreclosed homes now, thinking they can get $200 - $300 cash flow from rent only to find they'll have to lower the rent price down to a negative cash flow in a year and boom...they'll be underwater.

Renting a house? wrote on July 29, 2009 01:08 PM: Do your homework before you sign a lease.

http://www.rentalforeclosure.com/

Dave wrote on July 29, 2009 12:50 PM: Can we say deflation? Rents and prices overall are falling and it ain't because the business world is being nice. It's because jobs are being lost, wages and benefits are being cut back so consequently people are cutting back on their expenditures. Those businesses that don't lower their prices will be left with unsold goods and services as the price wars are on, and that's a sure sign of deflation.

Overpaying Renter wrote on July 29, 2009 08:38 AM: "Sixty-three percent of properties were offering concessions, compared with 84 percent in the first quarter..." And this is "good news" according to Spencer Ballif, senior vice president of multifamily housing at CB Richard Ellis. Obviously, this report is biased toward the apartment owners/managers rather than those of us who fork over far too much to live in far too little in crime ridden apartment complexes all over this city.

LVguy73 wrote on July 29, 2009 08:13 AM: With an apartment, you have to make 3 times the rent. So let's say you rent an apartment for $900. You have to make $2,700. Well, I am not sure about all apartment properties. The one I was in requires you to make three times the rent. So I got out of there once my lease was up and found a perfect rental! I prefer renting a home because I am in one at $950 a month. A 3 bedroom, 2.5 bathroom home. Very nice and spacious for a bachelor like me. I made the 3 bedrroms into a master bedroom, workout room, and an office. Now that's a lot better than sharing a wall with 2 neighbors....

Chris wrote on July 29, 2009 08:03 AM: I remember when I use to rent. They wanted first month, last month, security/cleaning deposit, pet deposit, and a $30 per person application fee. Then you pay to upgrade to get a garage. I remember our rent being $1550 a month + an extra $50 for our dog. (I lived in a nice part of San Diego) So it turned out to be $1600. Then when our year lease is up they increased the rent to $1900 a month + $50 a month for our dog. That was an increase of $300 after our year lease was up (RIDICULOUS) of course we didn't move because moving is another money spent and more deposits. Working with property managers/homeowners are easier to deal with than with apartment complex management because it risks increase in rent when lease is up. Then again I know a friend who rented a home and the owner didn't pay the mortgage. However, I know another friend of mine who rented a home for 15 years and the rent is still at $650 a month. So there is an upside of and downside for renting a home or an apartment...