Most people purchase homes because they want to build a nest, put down roots and practically speaking have a roof over their heads.
But homes are also a major investment. Looked at that way, how long does it take to get your money back?
Zillow just answered that question for Las Vegas homeowners. For the fourth quarter of 2015, Las Vegas homeowners would have to stay in their homes 1.7 years after they purchased it to break even. Up until then, it's cheaper to rent than own.
At 1.7 years, Las Vegas ranked 25th out of the 35 cities Zillow tracked for its Breakeven Index.
How did the best? Dallas and Indianapolis tied at just 1.3 years. Washington, DC brought up the rear at 4.5 years. The national breakeven was 1.9 years.
Hey, it will take you more than two years to discover all the fun things to do as a local in Las Vegas!
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
EDC weekend always makes me rue the fact that I am no longer 29 and ca
"I do not often write reviews that said, I am writing this review in the hopes that it may sway some in favor of working with Jake.
After a very difficult home buying experience over the course of the last few years, I was finally put in touch with Jake Soteros. Jake was the complete antithesis of all my prior experiences dealing with real estate agents during the home buying process. Jake was patient, knowledgeable, and ready to help in any way he could in order to assist me throughout. I was able to finally find the best home for me and my family, and as a benefit learned a wealth of lessons about real estate, the home buying process, and the market in general from working with him."