I wrote a recent post addressing the identification of a future financial catastrophe. I wanted to put a post here and link to this other post because of how it can affect our real estate portfolio.
What? How does this affect our real estate portfolio? Well, there are several ways it can. Follow along…

Present Foreclosure Crisis. This one does not need explanation. There are TONS of people who are in the mess they are in for several reasons. One may have been that they …

On May 27th, 2008, Barack Obama was in in town and spoke on the massive housing crisis in our country and specifically here in Las Vegas. Regardless if you agree with Obama or not on his policies and his positions, he is candidate that transcends normal politicians.
His speeches DO matter. He rallies and inspires folks into action. This is the epitome of leadership - not management. We will see how good a manager he is, but as a leader, he might be the best this generation …

Are the suburbs dying? Gas prices are changing everything!

I get tons of emails every day into my inbox from a few Google Alerts I have set up. (BTW, I love Google and pretty much everything they put out). I don’t comment on all of them or even read all of them for that matter, but this one is pretty good. Business Week published an article on the affect that increasing gas prices is having on the real estate industry. You can read the article here.
There is tons of information out there depicting just how …

In a recent article from the Las Vegas Sun titled More Commuters Taking Bus Route, it dawned on me one of the major tenets here at Vegas Real Estate Guy – find the best investing ideas in real estate and use them to your advantage. Hence, borne the new series Investing Idea(s).

I invest in all kinds of things: real estate; the stock market; commodities; bonds; private companies; my education; myself – the list goes on. What I invest in the most is real estate and it never ceases to …

Station Casinos are planning a mega resort to rival MGM’s Project City Center.

Definition:  The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the United States Constitution allows the government to take private property if the taking is for a public use and the owner is “justly compensated” (usually, paid fair market value) for his or her loss. A public use is virtually anything that is sanctioned by a federal or state legislative body, but such uses may include roads, parks, reservoirs, schools, hospitals or other …

Here is a post I made on March 25, 2008. When you think about what is happening in the Las Vegas real estate market, this information is essential in understanding how to react to the constant barrage of news clips. When you hear about the 000’s of Las Vegas foreclosures on the market, just think of these facts.
Also, please don’t listen to someone who said they were able to score a foreclosure for $70/SQFT and they can get those all day long since the “banks are just looking …