Las Vegas Real Estate Blog

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With Love From Las Vegas to ... Russia!

There is no doubt that, as we learned from the history of Russian literature and elsewhere, Russians have a great appetite for gambling dangerousely (who invented the Russia roulette?) impetuously and obsessively... Think of Dostoyevsky and Chekhov's characters. Dostoyevsky himself more than once lost his shirt at Baden-Baden casinos. A character in one of Tolstoy's books opened an underground casino near Lubyanka. Alcohol, cocaine and champagne appeared in close proximity to Cheka.

Recent Russia "Renaissance" brought upfront all the forgotten potential qualities that were dormant for over eight decades of communism. Along with the economical revitalization, modernization, technological advancement, westernized life style... an old custom to gambling "big way" emerged.

krasnodar-russiaBut Gambling is definitely big NO-NO under the communist rule of ethics and law, therefore out of the radar for future prospects. Former Russian President -Vladimir Putin- intends to close down all casinos in Moscow, Russia and turn the places into community centers...

Federal gaming law, 244-FZ, drawn up in 2006 by former President, now Prime Minister Putin calls for a total ban on gambling in Russia from July 1, 2009, with the only exemptions being four specially designated zones; one each in the Kaliningrad, Altai, Primorye regions and one on the border of Krasnodar and Rostov.

With an acute ability to reinvent itself Russian found a way to fix the problem. Russian Las Vegas' is about to be born. Over the past few months the Krasnodar region has been researching casino resort developments worldwide, Plan there will be hotels, yacht clubs, aqua parks, marinas, golf clubs, all kinds of extreme sports, racetracks and other kinds of entertainment

 Big investment opportunities writes:  "At the World Economic Forum in Davos, Krasnodar Region was named the most attractive region in Russia to investors. To boost investments, the Region Administration pays special attention to the development of international and foreign economic cooperation of the region with European countries."

Russia's gambling industry will be confined to four remote areas. The southern region of Krasnodar was the first to present its ideas on developing a Russian Las Vegas.

 

 

11 commentsArina S. Hanciulescu • July 14 2008 01:02AM

Las Vegas Economic Indicators... The Optimist Review!!!

It's been too long and hard to hear, day in and day out, all the negative publicity, headlines and experts predictions on the Las Vegas housing market doom and gloom.

It's seems almost grotesque to see the fixation so many in the press have to paint Las Vegas in the darkest colors, out of "luck", out of "control" and condemned to doom. When it comes to economy the idea was "what happens in Vegas won't stay in Vegas"... moreover will be super exposed and obsessively attacked with relentless negativity.

The truth is that in an economical downturn at the national level (and global level... I may ad) nobody is immune. Not even Las Vegas who historically survived and overcame relatively easy other recessions. This time was different. We are still in the middle of economical downfall and the present conditions are still in limbo... lots of space for negative speculations and confusions.

 

 

 

 

 

 

Rational Exuberance for an Irrational World - CHART-

 I picked up this Economic Indicators Chart from http://frothingdeveloper.wordpress.com Lets see what we optimistically read here:
  • Total employment down 0.5
  • New Home permits down 57.1
  • Median New home price down 16.5

Stop here for a moment... A superficial interpretation (just mathematically) is AHA! everything goes down in big numbers: Total employment , New Home permits, Median New home price... That's an indication of declining market... But is it?... maybe for a short look

Total employment less than 5000 jobs from a year ago, in a city with 1,000.000 jobs, in despite of all economical downfall is quite impressive. Statistically better than many other cities nationwide.

New Home permits down... That's good! It means less construction on a super saturated market and a help in liquidating the existing overhead inventory.

Median New home price down... Means that prices are correcting itself and become more affordable. It's time to buy!

 

 

Existing home sale is up... good news.

New home sale down... Latest statistic indicates a big shift in the sale volume... is coming around! piling out the existing overhead inventory...

 

New Residents... still strong with almost 5000 new comers per month.

This is not a picture of a sinking ship... Vegas is coming back! there are signs of recovery but as any recovery is not coming with sonic bum. To an optimistic rational exuberant analist the word "R" (as Recovery) is written on the wall... but of-course to the negative, pessimistic annalist is all gloom and doom!

I like to see the half Full Glass.

7 commentsArina S. Hanciulescu • July 10 2008 04:39AM

Selling at Boca Raton - Las Vegas South Strip Condo - (UPDATE)

Boca Raton - Las Vegas South Strip Condos -

BOCA RATON CONDOMINIUM
Contact Reply Form

Reduced $37.000 - Cash Flow - Price = $407,000.00 (second lowest in the community)

Address: 2455 West Serene Avenue, Unit#622 -2bd./2ba., Bldg.3, Las Vegas, NV.89123
Corner Las Vegas Blvd S.

Location: Guard gated Boca Raton Luxury High Rise Condo on the South Strip.
Private entrance and convenient access to amenities.

On Las Vegas Boulevard midway between the world-famous Strip resorts and the developing South Strip, Boca Raton is right next to the legendary excitement of Las Vegas yet offers a relaxing escape from it all.

This is a beautiful 2 bedroom - 2 bath, located on 6th. floor, apartment for Sale - second lowest in the community-. MLS# 803591... Owner is open to creative financing... You can't find a better deal ... Must go!

For more Information and Pictures see below:

VFlyer

http://lasvegasbuyrealestate.vflyer.com/home/flyer/home/1270083

Craig's List

http://lasvegas.craigslist.org/rfs/735166845.html (real estate for sale)

Las Vegas Boca Raton Condominiums provides residents the comfort of a calm, peaceful community just minutes away from the hustle and bustle of Las Vegas Strip. Built upon the two two-story parking structures and provides residents a private street-side entrance and beautiful staircase entrance. To create a never ending vacation, the residences at Boca Raton offer a variety of lavish amenities and finishes to complete your oasis.

*****************************

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(702) 856-6680
FREE INFORMATION! NO COST & NO OBLIGATION!

* * * REMEMBER * * *
AS A BUYER OUR SERVICES ARE 100 % COMPLETELY FREE TO YOU
THE SELLER/DEVELOPER OF THE
HOME YOU ARE PURCHASING PAYS OUR FEES

DON'T WAIT! GET PROFESSIONAL REPRESENTATION ABSOLUTELY FREE


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ARINA

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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3 commentsArina S. Hanciulescu • July 09 2008 11:02PM

NEW LOCALISM... Is HERE ... Know How!!!

Today I stumbled by pure coincidence into the: NEW LOCALISM is up and running. WOW! I was very impressed. The most anticipated real estate site "Most Complete Neighborpedia" is finally open for business. The design is sophisticated and the site navigation very easy.

By their own definition: "Localism is a hyper local, hyper targeted and startlingly affordable advertising opportunity based on sponsorship of individual neighborhood pages. Each sponsorship includes prominent placement of your profile and content on the main neighborhood page."

There is a new exciting twist to the site... A new - Community Sponsorship - an excellent and unique opportunity to bust your popularity and presence on Internet circle of Real Estate Professionals... It means good business. What is Community Sponsorship?...

For more details you can go to: COMMUNITY SPONSORSHIP ... Sponsor_comm Sponsor a community (it's fast and easy) It is easy as 1,2,3,4

  1. WHO? - Any current ActiveRain member

  2. WHY? - Establish yourself as the community expert. Provide increased market exposure...

  3. WHEN? - Beginning on July 31st at 12:00 Noon ... SHARP!

  4. HOW? - Select the communities you want to sponsor! Follow the instructions and you’re done!

On July 31st, at 12,00 noon you access Localism.com site, Log-in and be well prepared to have handy all your information: Description of the Area (you are sponsoring), Pictures, Links you want to include, Picture and Contact Information.

 

Updates: Now that the shock and excitement settled down, one day later, I am getting little confused and have second thoughts about this NEW LOCALISM - Community Sponsorship -

  • I am concerned about paying to be an expert instead of writing to be one. I would rather pay a membership fee than pay to "own a city". As the number one writer in my area if  I don't purchase enough neighborhoods to gain the city, someone who doesn't write anything can just open a checkbook and be the local expert.

My most pressing concern is about buying a sponsorship to a community.  Not saying I do, but if I was to work my butt off to provide content to localism and someone else could surpass me through simply buying a sponsorship, why would I take the time to create that content. Matt Moxhay Moorestown Real Estate (Prudential Fox & Roach) 

19 commentsArina S. Hanciulescu • July 09 2008 01:53AM

House Sitters & Staging a Home ... Can Help to Sell Faster?

House Sitters ... Help to Sell A Home Faster?

Staging

 

How can the seller seal the deal more quickly this days? In a buyer's market where houses are waiting empty for so long and owners are so anxious to sell there is a help on the horizon...  is a new twist that is helping sellers seal the deal faster.

It is not a lease. It is not a rent. It is not a determined period of tenancy...  It is a job: House Sitter. There is no telling for how long he/she will be living in the house.

 

 

So how does this all work?

1. The owner hires a House Sitter

  • The house sitter pays a percentage of the mortgage, typically 25% to 50% to help cover costs.
  • A reputable company screens its sitters carefully, checking criminal history.
  • Smokers and pet owners are out.

2. The owner hires a Staging Company. So here is the bottom line, you may be wondering if the temporary tenant foots the moving bill every time a home is sold. 

  • Actually, the staging company pays for the move.
  • In return the company gets a percentage of the sale once the buyer closes on the home.

It seems that everybody involved gets a fair share, release some of the pressure off the owner, it is an enjoyable undetermined tenency, it is a home staging that helps to show the property at its best.

I've been invited to see a beautiful home whose House Sitter was living for more than 6mo. and quite happy with the job. Always there to show the property and enjoying the time.

It is a win! win! situation that is becoming a trend in Las Vegas.

 

28 commentsArina S. Hanciulescu • July 08 2008 04:21AM