Posted by: jhamon | June 8, 2009

Lost Vegas! Follow On

An ironic follow-on to my posting of the Lost Vegas video.

From an email Chris received for the Montecito Distressed Housing Fund:

With over a 25 year history in Las Vegas, our current market monitoring and research strongly suggests the Las Vegas single family residential market has substantially over corrected. We further believe affordable single family home prices in key locations of the Las Vegas market have reached or are nearing bottom creating a window of opportunity to buy undervalued homes in “turnkey” condition…

…After months of market analysis, due diligence, and building the foundation for our fund, we are excited about moving forward on what we feel is the most superior real estate investment program today that offers risk aversion, excellent upside potential, and immediate cash flow.

If you didn’t already, watch the video and then remind me: who is moving there and why?  Whatev’s.  Kool-Aid on ice… that sounds nice.

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