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.
Nothing's worse than realizing your device has less than 10 percent ba
"I worked with Jake Soteros from Horizon Realty for the purchase of my last home. Jake was great throughout the whole process. He was always willing to answer my questions and adapted to my availability. Due to work and my lifestyle, texting is the best form of communicating for me and he was always very accommodating. We had some issues with the seller of my property and Jake always fought for my best interest and was never afraid to voice my concerns. He is not only a good agent but a man of principal and high moral standards. It was truly a pleasure working with him..."