Wednesday, June 07, 2006

So I did finally have a bad run at NL, as was expected. I'm not too distraught, however. That's just poker. And this bad run is still well short of my limit bad runs, so I'm actually kind of giddy over it. Kind of. I plan on continuing playing NL for the forseeable future.

The bigger news is that I am now working full time........towards buying a house. I'm spending my days talking with lenders and realtors and searching through hundreds of online listings and driving all over the valley looking at everything from dilapidated hovels to, well, slightly-less-dilapidated hovels. (Hey, Vegas housing is expensive!)

My plan is to get a place to move into within 2 months. That's somewhat ambitious, but we'll see how it works out. I've already secured a loan and have found an agent I like so I'm 2% of the way there! All that's left is sifting through the thousands of available homes in Vegas, looking more in-depth at a few hundred of them, seeing in person a few dozen of them, reivisiting a handful, finally choosing one, inspecting it, making an offer, having it accepted, closing, and then finally actually moving. Wow, that's it? I might be 3% of the way there.

7 Comments:

Blogger gregpatterson said...

Good luck man, it's brutal out here. My brother just bought a 2-year-old three bedroom off Warm Springs in the southeast. It's really nice, but cost (what I would consider) a small fortune, and is kinda sandwitched between the other houses (that seems to be a trend with new homes out here). I'll probably be in your boat sometime next year; maybe things'll be cheaper by then, but I really doubt it.

8:09 PM  
Anonymous stonemender said...

Advice: purchase the crappiest house in the best neighboorhood you can afford. Fix it up a little every year and when you move, you stand to make a very nice profit.

If you buy the nicest house in a crappy neighboorhood, likely you will be lucky to break even.(given inflation and realtor costs)

2:10 PM  
Blogger GamblinSteve said...

Nice to hear that you've decided to buy a house soon. Let me know if I can lend any of my limited advice after living in LV a couple of times. If I ever do get back to dealing craps and moving back, I'd like to buy one of those small condos at the MGM or other hotel. 300 dimes only gets you about 600 square feet, but I've never really wanted to buy a house, per se. I'd rather have less upkeep and be closer to the action.

1:45 AM  
Blogger eric said...

It's really nice, but cost (what I would consider) a small fortune, and is kinda sandwitched between the other houses

Describes just about every house I've looked at. Anyone who wants much of a yard at all should not live in LV.

purchase the crappiest house in the best neighboorhood you can afford.

Pretty much guaranteed given my price range and Vegas housing. I doubt I could afford the best trailer in the worst trailer park.

I'd like to buy one of those small condos at the MGM or other hotel. 300 dimes only gets you about 600 square fee

Sounds like one of those things where if I were to buy it, the on-strip condo market would crash and I'd be stuck with this overpriced hole-in-the-wall that I can't resell. But if I don't buy it, prices will triple within the next few years and I'll be kicking myself.

I guess that at least makes that decision easy for me...

12:31 PM  
Anonymous Evan said...

ROCKET!!!!!!!!

3:39 PM  
Anonymous kytyn said...

Dave B had a great LJ post when he sold his house - but his journal no longer exists... *sigh*

basically it boiled down to that your realtor is getting a percentage of the final price (in almost all cases) - so it's not in his best interest to really try to get the price down.

just something to keep in mind

9:23 AM  
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4:53 PM  

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