How about that VGK win a few nights ago?! Took it in the shoot-out. I'm sad to say I wasn't there - we lost the shoot-out at the game I attended recently. Donuts for all for last night's shut-out, too. Sweet.
Speaking of the Vegas Golden Knights - and who isn't? - they are opening a second practice arena on Water Street in Henderson. I'm opening a restaurant just 3 short blocks from the arena, and I'm super excited. I think I'll layout some of those wire traps and try to lure Marc Andre Fleury in. Maybe use a little poutine for bait?
I'm looking into the new Opportunity Zones so I can bring you some information on these. My Water Street restaurant happens to be in an Opportunity Zone. I'm a little bummed that our upcoming downtown tavern isn't in an OZ, but that would have just been icing on the cake. What I know at this point is what everyone else knows - investors can get capital gains tax deferment by investing in businesses in these zones through an Opportunity Fund. Beyond that, there is a lot of misinformation being passed around. I'll keep you apprised when I know more.
(Data mapped by PolicyMap, an online GIS mapping tool.)
For you fence-sitters: WTH? Mortgage rates are low, there is ample inventory, yet homes are still sitting on the market too long. Maybe it's the weather, and we'll see an uptick quickly. Stop with the "it feels like 2008" talk - your favorite restaurant server doesn't own 6 homes, and stricter lending standards have created more stability in the market.
Prices are not decreasing, if you're waiting for that. Price appreciation has slowed, and this is the market you've been waiting for. Get off the fence now so you'll look brilliant to your friends when you're paying 4.3% interest in a few years.
In other news - Downtown Las Vegas is a great area to invest as well as to live. Price appreciation for 2018 was 20% in the 89104 zip code. (2018 Las Vegas appreciation) This area includes John S. Park, Southridge, Beverly Glen and many other vintage neighborhoods. The core of downtown, 89101, saw appreciation of 18.3%. Downtown Las Vegas is largely inside the Opportunity Zone. I'm just sayin'...
As always, text or call my team if you have a real estate question or need. 702.291.8766.