out of curiosity, cost of cutler's house in vegas?

[stuntmovie]

Real estate values seem to always run in cycles. I think the experts claim that the high prices peak about every nine years or so, but this time it may take a bit longer due to the recent over evaluation of real estate in most areas of the US and the present adverse economic situation.

New homes that sold for $300,000 in LV on small lots with no room for a swimming pool have been on the resale market at $225,000 and less and still no buyers. And I have heard stories that some buyers are picking up foreclosures of those same homes for $125,000. Not sure about the accuracy of that claim though.

If this RE stuff is of any interest to any of you GetBiggers, I recommend that you keep up to date on the new City Centerproject  where one-bedroom units were originally selling in the $700,000 price range. That whole project was recently bailed out by some Dubai partnership arrangement with the MGM developers. Once it is open and in business it will more than likely be the property of choice in the LV area providing that the gambling operations get back on their feet once again.

It might be of interest to see what those same $700,000 condos are being offer for in today's market. I bet most of those original buyers had to bail out.

Personally I don't think LV will ever see the growth that they had these past ten years repeat itself for a good many years to come.     I love that town!

[Relentless]

Real estate values seem to always run in cycles. I think the experts claim that the high prices peak about every nine years or so, but this time it may take a bit longer due to the recent over evaluation of real estate in most areas of the US and the present adverse economic situation.

New homes that sold for $300,000 in LV on small lots with no room for a swimming pool have been on the resale market at $225,000 and less and still no buyers. And I have heard stories that some buyers are picking up foreclosures of those same homes for $125,000. Not sure about the accuracy of that claim though.

If this RE stuff is of any interest to any of you GetBiggers, I recommend that you keep up to date on the new City Centerproject  where one-bedroom units were originally selling in the $700,000 price range. That whole project was recently bailed out by some Dubai partnership arrangement with the MGM developers. Once it is open and in business it will more than likely be the property of choice in the LV area providing that the gambling operations get back on their feet once again.

It might be of interest to see what those same $700,000 condos are being offer for in today's market. I bet most of those original buyers had to bail out.

Personally I don't think LV will ever see the growth that they had these past ten years repeat itself for a good many years to come.     I love that town!

I lived in LV for one year and almost bought a house before I was promoted and moved out to LA.  I thought I was getting a good deal on a house at the time; I can't say how thankful I am now that I didn't bite and move forward.  The house is probably still sitting there or someone owes more than it's worth.  LV is probably the WORST housing market in the country right now and it won't get better anytime soon.  So much of the economy there was built on the housing market...talk about a place that was overbuilt!

[flagadajones]

who cares , none of you asshats are ever going to live in this kind of house anyway.

[webcake]

My house is worth more than Cutlers...

[flagadajones]

My house is worth more than Cutlers...

 

[webcake]

It is.

It isn't better as such, but it's worth more.

location, location, location...

[honest]

Real estate values seem to always run in cycles. I think the experts claim that the high prices peak about every nine years or so, but this time it may take a bit longer due to the recent over evaluation of real estate in most areas of the US and the present adverse economic situation.

New homes that sold for $300,000 in LV on small lots with no room for a swimming pool have been on the resale market at $225,000 and less and still no buyers. And I have heard stories that some buyers are picking up foreclosures of those same homes for $125,000. Not sure about the accuracy of that claim though.

If this RE stuff is of any interest to any of you GetBiggers, I recommend that you keep up to date on the new City Centerproject  where one-bedroom units were originally selling in the $700,000 price range. That whole project was recently bailed out by some Dubai partnership arrangement with the MGM developers. Once it is open and in business it will more than likely be the property of choice in the LV area providing that the gambling operations get back on their feet once again.

It might be of interest to see what those same $700,000 condos are being offer for in today's market. I bet most of those original buyers had to bail out.

Personally I don't think LV will ever see the growth that they had these past ten years repeat itself for a good many years to come.     I love that town!

This isnt a cycle anymore, but a massive correction of an unregulated market, real estate prices are going to continue to fall, then bottom out and its going to be a long time before they will start to climb again and when they do, it will be slow, it will be 10 years before Cutlers house gets back to its value say of 2005 maybe 15 years. 

[Alex23]

Look at my first post about 7th one down.  It wasn't modified.
In addition this is not the same house from 03.  He bought a new one in 07.

Finally,  you can say this and that to bring the price up and down bottom line is it's easily a million dollar house and under normal market conditions it's easily 1.5.  When he bought it last year our market out here was already crap. 

QFT.

I bow to the experts stalking bodybuilding "stars" etc.. I saw one video of Cutler in 2003 and I think he had just moved there... all remember as I fell asleep  after watching it for 20mins. Last oiled men lifting weight video I've ever watched.

[gib]

who cares , none of you asshats are ever going to live in this kind of house anyway.

Flagadajones - you might be suprised. Some of us posting on GetBig live in WAY nicer places than Jay does. Not everyone one here flaunts what we have, how rich we are, what car we drive, etc. What is interesting to me, is that there seems to be an assumption and expectation that top bodybuilders are super rich. There are much much better ways to make money that being a bodybuilder. Don't assume that if you see a bodybuilding pro pose with a nice car, or nice house, that he is rich. He may not even own the car you see him with!

There are people on this site who are very cashed up, and living a very good life, but their wealth is not really relevant and they see no neet to flaunt it, as their interest is on the gym, training, building muscle, hitting new PBs in the gym etc. And in the gym, you get much more respect from how you look, how you interact with others, and how you train etc, not how nice your house is or how much $$$ you have in the bank.

[Wiggs]

QFT.

I bow to the experts stalking bodybuilding "stars" etc.. I saw one video of Cutler in 2003 and I think he had just moved there... all remember as I fell asleep  after watching it for 20mins. Last oiled men lifting weight video I've ever watched.

I haven't seen it.  Someone posted it last year.

[webcake]

Jay bought this house in '07.

[The.Giant]

Hahahah epic changing your post afterwards... I like you Wiggs but here are the facts:

Culter bought his house in 2003...  don't care what the "tax apraisals" says, his place is worth 650 tops.

Hell mine is appraised @ 1.3mil in '07 and it's now worth ~675k...

Here's what the markets looks like in 89149 there days..

http://www.trulia.com/property/43315576-10490-W-Ann-Rd-Las-Vegas-NV-89149

Aren't you from Montreal? I didn't think the Canadian housing market had crashed at all...if you're not from MTL then obviously ignore.

[gracie bjj]

wonder what chuck lidells house is worth?i saw it on a mma show it was awesome,it must be nice owning a house like that

[bigdumbbell]

i don't see how anyone can see his house in his videos and think it's only 600K, a 600K house almost seems run of the mill these days even in the midwest.

oh brother  yeah right

[honest]

Midwest Current average house price 600k ? Quaker you sound like a wall street sub prime banker. 

[jesusbod]

Who cares? Is he selling it? Is anyone on this board wanting to buy the house? I think not, so another useless thread.

[no one]

oh brother  yeah right

i'm with you.

funny how a guy who lives in a trailer with his girlfriend and his gf's mom and dad thinks a $600 000 is 'run of the mill'.

if anyone doubts the above claim as to quaker oats' living arrangements i have proof and would be happy to pm any interested parties.

[onlyme]

I lived in LV for one year and almost bought a house before I was promoted and moved out to LA.  I thought I was getting a good deal on a house at the time; I can't say how thankful I am now that I didn't bite and move forward.  The house is probably still sitting there or someone owes more than it's worth.  LV is probably the WORST housing market in the country right now and it won't get better anytime soon.  So much of the economy there was built on the housing market...talk about a place that was overbuilt!

Vegas grows by 6,000 new residents a month and has been for awhile and still is.  It is very over built right now which makes it a great place for a great deal.  The homes here are very good size and very cheap.  You can pick up a brand new 2000 sq. ft. house for under $200,000 in a new development.  Vegas tourism is slowing a little.  The casinos are getting hit the hardest.  No matter what the property ad home values will go up at some point.  Vegas became Vegas because the founding fathers saw the chance to take advantage of the tourist market and convention services.  That is what built Vegas and created the huge gambling meca nowadays.  They just open the Alliente(?) a few weeks ago.  The M or W is opening in a couple years which is a huge place and the City Center is ridiculous is size. 

[StillTippin]

I think some of you guys need to watch his newest dvd where he shows his new house and then say it's under a million, even in the vegas housing market.  Hell he has a fireplace in the bathroom and the tub fills from the ceiling!

[TechnoViking]

This isnt a cycle anymore, but a massive correction of an unregulated market, real estate prices are going to continue to fall, then bottom out and its going to be a long time before they will start to climb again and when they do, it will be slow, it will be 10 years before Cutlers house gets back to its value say of 2005 maybe 15 years. 

100% correct...Cutler will never recop his money for that house and most of his other purchases in the Vegas area...

I would speculate that Cutler' portfolio took a 60% to 70% hit and the guy has to be fcking shitting bricks...

He like Ronnie will be charging $10 a photo within 2 years...

[cheftim]

100% correct...Cutler will never recop his money for that house and most of his other purchases in the Vegas area...

I would speculate that Cutler' portfolio took a 60% to 70% hit and the guy has to be fcking shitting bricks...

He like Ronnie will be charging $10 a photo within 2 years...

I'd bet anything your right on that one! He's never gonna be Mr. O again. He's never gonna win the Arnold again. God forbit he gets divorced?! He'll end up like Nasser selling his underwear. 200K in Vegas will buy you a palace. The real estate market there is completely cooked.

[gordiano]

QFT.

I bow to the experts stalking bodybuilding "stars" etc.. I saw one video of Cutler in 2003 and I think he had just moved there... all remember as I fell asleep  after watching it for 20mins. Last oiled men lifting weight video I've ever watched.

[/b]


HAHAHAHAHA

I'd bet anything your right on that one! He's never gonna be Mr. O again. He's never gonna win the Arnold again. God forbit he gets divorced?! He'll end up like Nasser selling his underwear. 200K in Vegas will buy you a palace. The real estate market there is completely cooked.

LOL

[stuntmovie]

Honest, you are probably right in your assumption (This isnt a cycle anymore, but a massive correction of an unregulated market, real estate prices are going to continue to fall, then bottom out and its going to be a long time before they will start to climb again and when they do, it will be slow,) because I've never witnessed an economy like it exists today; but everone still says that the Great Depression was much worse - and look what happened following that major catastrophy.

I've lived though a lot of these real estate cycles but am not an expert by any means, but they all seem to recover over a period of time because new people come into the market who have not been affected by the previous decline and as a result the market tends to improve. Just how long that will take - I have no idea but we had an old saying once in the Real Estate Profession - "There's always a dumber person willing to take that dumb person's place."

And a lot of those "dumb persons" made a hell of a lot of money in the process.

How long will this real estate cycle take to completely recover? I have no idea but it will recover eventually and it's gonna be a damn interesting process to watch especially in Las Vegas which has a unique real estate problem of its own with many finished homes yet to be sold and thousands of $700,000+ condos nearly completed while the casinos continue to drop their profits and lay employes off.