My view of the world

The Las Vegas real estate market has gone completely insane, the price of land in the Las Vegas Valley has gone through the roof. A long skinny acre I sold six or seven years ago for $130k is now worth $300k, and because of the shape and location, it’s still a miserable piece of land to try and build on.
The house I live in was built in the early 60s, towards the tail end of a major Las Vegas real estate boom, because of the slowing Las Vegas real estate market, the builder did things like covering the roof on the side of the house facing the street with the wooden shakes that were considered upscale at the time, and doing the back side with the less expensive wooden shingles, I’ve since had to replace the roof with conventional fiberglass shingles.
After I replaced the roof, this house was worth about $100k, in the last 3 years, it has increased in value to the point that I’m now being offered $220k for the same house in pretty much the same condition.
The house next door needed a new roof when it sold a few months back,


they got $209k, and the realtor, who’s been in the Las Vegas real estate business for 20+ years, told me that the buyers didn’t care that it would cost them approximately $10k more to fix it. The couple that bought the house are from southern California and didn’t think the price was out of line, I guess, as long as the property in southern California is more expense than the property in Las Vegas, the people from there will keep moving this way and driving up the price of housing here.

I’ve lived in the Las Vegas Valley all my life and my house is going to be paid off in less than 2 years, at this point, I could care less what the Las Vegas real estate market does. The only thing I’m going to have to worry about are the new property taxes, at the rate the Las Vegas valley is growing, they’re going to have to raise property taxes for homeowners, throughout Clark County, in a big way.

Speaking of Las Vegas real estate. Does anyone know how much Walmart paid for the property directly across the Boulder Highway from Sam’s Town?
At one time there were plans to build a casino there, now they’re building a Walmart Super Store.