Vegas Downtown Spin: The Real Score
Whoever said the Las Vegas real estate market is slowing down must be referring to the new players. Why? Because there has been so many who responded to the Real Estate craze and took a chance at Real Estate Investment thus resulting in more supply than demand.
Therefore, there will be no market left for the new players. If there is, it would take them more time than usual before showing up in the industry. They will be forced to race with the more stable, more popular companies.
On the other hand, this “slowing down” trend in the Real Estate Industry is not applicable to those companies that were able to invest in Vegas earlier. It is guaranteed that these companies are of good and stable status and are therefore not slowing down.
There is one bizarre explanation to the latter assumption that is unique in the Las Vegas market. These businesses do not only measure their market value through the number of years they’ve been in the industry. Commercial stuff like branding and location and amount of investment are what most new comers use to combat the authority of those that came in first.
The result is, aside from the “who came first?” prerequisite of most buyers, “which is more popular?” comes close to second. Remember that in Vegas, money is often the least problem. Therefore, buyers rarely settle for which is cheaper; rather, they go for that which is nicer.
To sum it up, there are three kinds of pictures about the real score in Las Vegas Real Estate Industry: One refers to those that are established, stable and successful early players; another refers to those who are new comers but are instant hits because of their location, price, luxury and name; and the rest are those that well, came late and as late bloomers claim that Las Vegas is on a downward spin.
Therefore, there will be no market left for the new players. If there is, it would take them more time than usual before showing up in the industry. They will be forced to race with the more stable, more popular companies.
On the other hand, this “slowing down” trend in the Real Estate Industry is not applicable to those companies that were able to invest in Vegas earlier. It is guaranteed that these companies are of good and stable status and are therefore not slowing down.
There is one bizarre explanation to the latter assumption that is unique in the Las Vegas market. These businesses do not only measure their market value through the number of years they’ve been in the industry. Commercial stuff like branding and location and amount of investment are what most new comers use to combat the authority of those that came in first.
The result is, aside from the “who came first?” prerequisite of most buyers, “which is more popular?” comes close to second. Remember that in Vegas, money is often the least problem. Therefore, buyers rarely settle for which is cheaper; rather, they go for that which is nicer.
To sum it up, there are three kinds of pictures about the real score in Las Vegas Real Estate Industry: One refers to those that are established, stable and successful early players; another refers to those who are new comers but are instant hits because of their location, price, luxury and name; and the rest are those that well, came late and as late bloomers claim that Las Vegas is on a downward spin.
posted by realestatevegas | 11:29 PM
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