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"Real estate has always been a ...
"Real estate has always been a good investment, and right now it has never been better from a residential standpoint," said Steve Bottfeld, executive vice president of Marketing Solutions.
No one should confuse this class of investors in residential real estate with those during the boom that bought and flipped houses, Bottfeld
These investors are looking to hold long term and earn money off rental income, he
It makes sense because if someone can buy a home for $100,000 in cash and rent it for $1,000 a month, that equates to a 12 percent return before taxes and other expenses are included, Bottfeld
Even getting an 8 percent return is better than the 2 percent they might get at their bank, he
Land came in second after single-family homes because despite the meltdown in the market, it remains a precious commodity, Bottfeld
Even though Las Vegas is overbuilt, there is a limited supply of land because of restrictions by the federal government, he
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Steve Bottfeld, Principal, Marketing Solutions
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Steve Bottfeld is the Principal of Marketing Solutions, a Las Vegas based firm which specializes in real estate economics and consumer research.
is considered as an expert on the state of the Las Vegas market and his
clients range from Citibank...
Gerson Lehrman Group - The Expert Network
Author: Steve Bottfeld, Principal, Marketing Solutions
For homes valued at more than ...
For homes valued at more than $500,000, ensuring that water is a key part of the design is critical to the success of high-end builders, says Steve Bottfeld, principal of Marketing Solutions, a Las Vegas-based firm specializing in real estate economics.
"You're seeing hot and cold pools, and indoor pools," he says.
Las Vegas Real Estate
But costs of building roads, sewers and utilities "are incredible," says Steve Bottfeld, senior analyst of Marketing Solutions, a local research firm.
"This isn't something that's trickling down, it's flowing down, top to bottom, fast," Bottfeld
"It's the Manhattanization of Las Vegas."