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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (84641)8/11/2007 12:39:42 PM
From: patron_anejo_por_favorRead Replies (3) of 306849
 
>>Meanwhile, I saw that Asian fellow whose name I can't remember who wrote "Rich Dad, Poor Dad" on Neil Cavuto's show yesterday. He says he's buying apartment buildings in Las Vegas. He sees great opportunities there because of new-job creation, which he says is going great-guns.<<

I think he's a year or two too early. Cap rates still pencil out at about 4-5%. Rents are holding but although sales have slowed and inventory's risen, prices haven't come in enough to make it work, IMO. Ditto Phoenix.

Renting's a hell of alot better than buying when the roof leaks, or the washer breaks or yer pipes spring a leak. It's not a one-way street.
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