[quote=gzz]I am not surprised the vegas conplex pencils out just fine. Prices still have a ways up to go.[/quote]
The first one does(Palm).. but I worry about the second (Elysian). I would need to have an idea on the current ‘actual’ rental rates. This project is so new that I don’t know to what degree they are discounting the rent to get people in. What they charge is so close to actual house financing that I wonder on their pricing and whether it will stand up over the long term, added to the ‘institutional’ look and very close freeway (front door location).
I also wonder about the job situation (type of job more than count).
