Tuesday, September 25, 2012
Consider It Sold Las Vegas: Skilled negotiation leads to more money in your po...
Consider It Sold Las Vegas: Skilled negotiation leads to more money in your po...: If you are interested selling your home the best option is to List with Chris LaHaie. Chris will you will get the best results in the l...
Sunday, September 2, 2012
Las Vegas Real Estate in the tank or just tanked for good?
The Las Vegas Review Journal top story in Sunday's paper addresses the tragic loss of equity for Las Vegas Real Estate owners. It highlights just how much real estate has dropped in the city since the peaks in 2006 and 2007. It is a really a tragic turn of events regardless of whom you chose to blame. The economy in Las Vegas has yet to recover and there is reason to question whether it will ever recover.
The extreme dysfunction of our political system has been highlighted by the inane government policies that have prolonged the recession. The politicians have failed to address the issue or even see what caused the issues which has led to the failure to implement a solution. The passing of laws to hold banks accountable has done nothing but clog the system and hold no one accountable. It has never been more clear that the bankers and lenders where breaking laws and jeopardizing the economy. However, the unhealthy relationship between the financial industry and our money and power hungry politicians has left us on the brink of world wide disaster for the past 5 years.
The current market in Las Vegas is running at record low inventories thanks to the laws that have slowed the bank foreclosure rampage and the massive percentage of underwater home owners. Realtors have adapted the best they could by promoting the short sale as the only solution for underwater home owners. It has promoted a drastic change in the banks as well as the politicians in our state. The question is who is driving the policy changes that have made banks so short sale friendly.
Most people do not realize how powerful a lobby the NAR has become over the years and they will push to do anything that will keep Realtors in business and keep those agents paying exorbitant dues to the National Association of Realtors. It appears that as the NAR pushes for more short sales, politicians have felt the push as well during this election year. In turn politicians have pushed the banks to be more open to short sales and loan modifications. The combination of NAR pressure and political influence has made the short sale the solution of choice this election year.
It may or may not prove to be the right thing.
The extreme dysfunction of our political system has been highlighted by the inane government policies that have prolonged the recession. The politicians have failed to address the issue or even see what caused the issues which has led to the failure to implement a solution. The passing of laws to hold banks accountable has done nothing but clog the system and hold no one accountable. It has never been more clear that the bankers and lenders where breaking laws and jeopardizing the economy. However, the unhealthy relationship between the financial industry and our money and power hungry politicians has left us on the brink of world wide disaster for the past 5 years.
The current market in Las Vegas is running at record low inventories thanks to the laws that have slowed the bank foreclosure rampage and the massive percentage of underwater home owners. Realtors have adapted the best they could by promoting the short sale as the only solution for underwater home owners. It has promoted a drastic change in the banks as well as the politicians in our state. The question is who is driving the policy changes that have made banks so short sale friendly.
Most people do not realize how powerful a lobby the NAR has become over the years and they will push to do anything that will keep Realtors in business and keep those agents paying exorbitant dues to the National Association of Realtors. It appears that as the NAR pushes for more short sales, politicians have felt the push as well during this election year. In turn politicians have pushed the banks to be more open to short sales and loan modifications. The combination of NAR pressure and political influence has made the short sale the solution of choice this election year.
It may or may not prove to be the right thing.
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