Slicko wrote on October 21, 2009 09:54 PM: Don Best- I bet you are RIGHT! Anyone who is the classic "minority" is propbably part of the problem. Nobility is has left America, even among many Caucasians. What happened? If I were to rent or loan money to anyone, it would probably only be to a Japanese man. Maybe they still have some honor left. Anyone else, you must scrutinize.

Don Best wrote on October 21, 2009 05:24 PM: What a joke. The Cali investors are renting the low price homes to former apartment renters, who could care less about weeds in the yard. The renters bring their former indoor dogs, throw them in the backyard, so they can bark all day while the renters are at low pay work. Renters have tons of friends, who clog up the street with their tricked out Hondas and big wheel Silverados. The lowest of the lows are here breeding at will, yet things are getting better? I think not...

Dennis Norman wrote on October 21, 2009 04:32 PM: Unfortunately according to a report just released by Veros Real Estate Solutions home prices in Las Vegas are projected to fall another 11 percent in the next 12 months..I included the data in a post I did at:

Unofortunately according to a report just released by Veros Real Estate Solutions, home prices in Reno are projected to decline another 12 percent iin the next 12 months... Reno was actually at the top of the list for metro areas that would see the biggest declines in the next year...I inluded this info in a post I did at:

http://realestateconsumernews.com/real-estate-market/where-are-the-strongest-and-weakest-real-estate-markets-going-to-be-in-the-next-year/

BO wrote on October 21, 2009 01:59 PM: Yeah, so anyway, nobody living or working in Las Vegas can afford to buy a home right now, so I have to wonder who's buying up all the bottom dollar homes for cash money here in the valley.

Maybe that's a story for RJ, or would that be looking a gift horse in the mouth.

He can do a lot of damage before Nov. 2010 wrote on October 21, 2009 01:23 PM: According to an online real estate home value assessment group...my home lost $4,500 in value in the last 30 days, alone.

But fear not, Harry Reid is galavanting around Washington D.C. putting a Chicago political machine's agenda ahead of the needs of Nevada.

Bout Right wrote on October 21, 2009 01:21 PM: "Wow, what a BS article. I just read on yahoo yesterday that a company is predicting a 23 percent drop over the next year in Las Vegas."

However if that were true that would make, by the articles #s,including their prediction of another 5% drop in 2011 a 83% total drop putting a $200,000 house at $34,000.

that is as ludicrous as the people singing end of tunnel songs.

Investors are cleaning up the under$150,000 inventory so that is starting to float prices. These investors who accomplish a positive cash flow on rent can hold for a number of years.

I think we will land somewhere near where we are and stay there for years.

Housing prices at 2002 prices are in alignment with income here and that is probably where they will stabilize.

ted wrote on October 21, 2009 12:58 PM: Considering so many low lifes just walked away from their responsibilities of their mortgages and lied through their teeth to get one in the first place, I'm surprised prices only fell by a third.

If everyone had a "honk if I'm paying your mortgage" bumper sticker, LV would sound like downtown Manhattan.

Hal wrote on October 21, 2009 12:28 PM: So is this the 24th monthly "this is the bottom, there's light at the end of the tunnel" story from the RJ? I think maybe we should have some cake or something to commemorate the 2 year anniversary of this particular RJ lie.

Bri wrote on October 21, 2009 11:46 AM: It's over! Hooray! I'm going to take a second out on my house that I purchased for $135,000 for approximately $145,000. I always wanted a Yamaha Rhino...

Re-elect Harry and we will all be safe - just ask him!

steve wrote on October 21, 2009 11:41 AM: I always looked over these articles Larry Murphy comments on and thought he either doesn't have a clue or he's in the bag with the banks? This confirms it.


Oh is there a hugh shadow inventory of homes? Homes still in foreclosure that are not in the numbers? Homes yet to be foreclosed on? OVer all poor employment that will add to the home sales demand for years? I'm just saying

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