In the town home complex where I live in Henderson, NV., the residents are fleeing the complex like President Obama runs from inner city neighborhoods.
Within the last 7 months, at least 7 families in our immediate vicinity have moved out of their town homes and they have not been replaced by other renters.
When we first came to the complex, the town homes were completely filled and our first year in the complex, no one has moved out.
Then people began moving out. Some people bought a house, another couple divorced, others moved to other apartments and some people, we just don't what happened.The complex we live in is a nice place to live. Little or no crime (had a case of beer stolen from our open garage our first weekend here but for us, tha's it), it is clean, very dog friendly (no dog deposit required), a nice swimming pool and a heated whirlpool that you can use year round, rent is ok, a little over $1000 for a 3 bedroom 1300 square foot 2 story town home, we have good maintenance people if something goes wrong and it is family friendly with a lot of kids of different ages. The schools zoned for the area are also quite good. We also don't have a gang or drug dealing problem. You do have to pay for electric, gas and cable, but gas is cheap- about $30 a month ($10 for gas, rest in taxes an fees) and electric bills averaging between $75 in winter and $200 in summer, hardly outrageous by Las Vegas standards.
So, I don't know if this is going on throughout Las Vegas Valley or even the country. I suppose people are moving down- smaller and cheaper apartments or they may be buying homes, but in Vegas, unless you have a lot of cash, it's not going to happen and the people moving out, with the exception of 2 families, that was not the case. I just have not seen this before any where I have lived before.
So, what is going on? Maybe it is us?, Nah, can't be, can it? Or is it the economy?
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We've had some turnover in our neighborhood over the last four years. Most have turned from owners to renters. The house next door to us was just renovated, and not cheaply. It's renting, but for over $1500. . .half again as much as our mortgage payment! But on our end of the street, three out of four of us are the original owners still.
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