Yeah, prices are going up in one of the hardest hit markets in the country.
Two reasons:
(1) the asinine foreclosure law that NV passed last year, making certain irregularities felonies for the people who put their name to the papers.
(2) the fact that cap rates are extremely good in LV compared to CA. Prices can move up A LOT at current rents, and the properties will still cash flow. Not so in most of CA, at least not within 20 miles of the coast.
