Las Vegas Homes, Condos, Land and Commercial Real Estate Blog

We at Las Vegas Homes, Condos, Land and Commercial Real Estate wish for a Happy New Year for all our brothers and sisters.

2008 proved positive my repeated assertions that in order to achieve true success, a business has to be built upon the strongest foundation of ethics and morality; as corruption melted decades old Wall Street Firms faster than a snow flake on a 110 degree Las Vegas summer day.

We will abide by the highest ethical and moral standards that have been instructed by our Creator and will have a successful year, Lord willing.

The fear neutral predictor, Masoud Saberzadeh predictions for 2009

1: Banks are going to be as stupid as ever and blow billions of dollars more of taxpayer money through improper sale of foreclosure properties and mismanaging the short sales.

2: Due to the torturous process of dealing with inept Las Vegas REO agents, I will be completely bald by the end of 2009 because I will have pulled my 351.5 remaining strands of my hair out

3: Barring catastrophic economic events, Las Vegas residential pricing for homes and condominiums that are under $320,000 will pass the point of convection.

4: Las Vegas Land prices will be selling at 35%-40% of their peak pricing.

5: Las Vegas Industrial properties prices will come down 40% from peak levels.

6: Asking prices at City Center will come down.

7: If not now, barring catastrophic economic events, Las Vegas will offer the best investment opportunities on earth. I mean it as it is already possible to make 7% or more through investing in Las Vegas homes or condominiums. Las Vegas commercial real estate has a bit further to fall.