August 17, 2006
Buying a House and Getting a Mortgage in Las Vegas
Written by: JuanchitoWhen my wife and I moved to Las Vegas we had a dream that one day we would buy a home. After getting settled in and knowing the area, we realized that housing prices were going through the roof. We did find a couple places within our budget, but they were in the ghetto. The portable office that was selling the houses had bars on it. That’s when I knew I didn’t want to live there.
A friend of ours decided to sell her home and offered us the house at a very good price. We looked it over and probably should have taken it. Unfortunately, the house sold so quickly that we didn’t really have a chance to make the deal happen. The scary part is that it probably means she was offering us a killer deal since it was $15,000 below what she ended up selling it for.
What can I say, buying a house is a huge purchase. Here in Las Vegas we really shouldn’t be concerned at all. Every time a casino gets built there are thousands of more jobs and that means that they need tons more houses for those people. Some people say that the Las Vegas bubble in the housing market is going to pop. I don’t think so. Housing prices have leveled off, but if they popped they’d have to go down. I don’t see that happening anytime soon.
I guess that means I just need to get out there and check out all the different home loans. If I get this promotion at my company, then I’m pretty sure my wife is going to want a house. I can’t really blame her for that.

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