Here We Grow Again

Dated: 10/18/2016

Views: 114

I have been at this real estate buying thing since 1980. Real life experience in the real estate combat zone has taught me there are two times to invest in real estate: when things are plummeting and when things are recovering.


As anyone who lived through the Las Vegas Real Estate Apocalypse (my scientific term) knows, house prices fell way beyond economic reason. In December 2011, which turned out to be bottom of the market, you could buy a home for the price of the land and pay for one bathroom. The rest of the house was free.


In January 2012 I sold a townhouse to a couple retiring from Cali for $103,000.  Today the same unit next door is listed for $200,000. That's a pretty nice return for 57 months.


Of course, you missed the train on that strategy. Fortunately, you can catch the second train. 


Yes, Virginia, Las Vegas is recovering...nicely. Today the Nevada Department of Employment, Training and Rehabilitation reported that 1,301,300 Nevadans have a job.  (There are only 2.7 million of us and there are a lot of retirees here.) That number surpasses the pre-Apocalypse top employment number of 1,297,600. Better yet, our state has enjoyed 68 months of consecutive growth.


People get more confident when things get better. It's a good time to buy or sell because things are stable. If a bubble does start brewing, this time know better and cash in your chips!

One of my rentals

P.S. Call, text, email, send a carrier pigeon when you are ready.

((hugs)) BETH Ellyn

THE Las Vegas Real Estate Concierge

State Managing Broker, Nevada

702.758.4318 Talk. Text. SMS. Videochat

[email protected]  Google Hangouts

Las Vegas Propportunities: Facebook Business page and home of "Deal of the Day"

@yale1974  Twitter


BA: Yale
MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous

When competence AND creativity matter!


Blog author image

Beth Ellyn Rosenthal

I like to be a pioneer.I I am the founding state broker for Nevada for eXp. I am agent 61 out of over 15,000 now. I was in the first class of women to graduate from Yale. I've had my real estate licen....

Latest Blog Posts

YOUR LOAN, YOUR OFFER. SU PRESTAMO, SU OFERTA

DEAR CLIENT:My recommended lenders can help you get pre-approved for a loan. They have great products and their service is exceptional, they can help if you only have ITIN number, low income, not

Read More

HAGAME SABER QUE DESEA Y NECESITA

In bygone years, Las Vegas was mostly about the gambling. Not  Now!YA HACE MUCHOS AÑOS QUE  TODO EN LAS VEGAS ERA ACERCA DE LAS APUESTAS. NO AHORA!EL EQUIPO DE LOS RAIDERS TENDRA SU

Read More

I'M YOUR AGENT. SOY SU AGENTE

PARA TENER EXITO, LO PRIMERO QUE NECESITAS ES AMAR TU TRABAJO.;

Read More

Thinking about Purchasing New Construction make sure you Read this Blog First.

New home buyers don't want a used house when only new home construction will do. They don't want to inherit somebody else's worn carpeting, personal taste in kitchen appliances or look at some kid's

Read More