Someone asked me whether I'd looked at any real estate during my recent Las Vegas trip. I looked at one place, called Soho Lofts LV. Smack in the heart of downtown, the lofts, which will be completed at the end of 2005, will feature luxury amenities one would expect in a ritzy Manhattan boite: a 24-hour doorman, Italian cabinetry and granite countertops in the kitchen, 11-foot ceilings, oversized picture windows, a jacuzzi tub in the bathroom and a rooftop lap-pool and fitness center and sauna.
Unfortunately, they're also asking very steep prices: More than $682,000 for a 1,553-square foot loft facing northwest, for example. A south-facing 1,584-sq. ft. loft will cost you $754,000. Please. Talk about delusions of grandeur.
This is Vegas, not Manhattan, Silicon Valley, or Washington, D.C. For those prices, I wouldn't live in downtown Vegas, an area rife with titty bars, drunks and empty lots glittering with broken beer bottles.
For $754,000, I could live in California, within a short drive to the ocean. Or I could get a kitted-out historic townhouse on Capitol Hill. So my fiance and I listened politely to the sales pitch. Then we walked out.
I am often amazed around here when I see a new mansion go up on a hill without a tree around. It's like, hello! You can obviously afford some land -- don't you want trees, perhaps a pond or a lake -- instead of a stiff old farmhill? LOL... Then when they are next to a busy road, I have to wonder how they even managed to make their money!
ReplyDeleteReal estate prices seem to be going through the roof! That sounds similar to ocean front prices in south Florida. Hmmm...dessert, ocean. That's a no-brainer for me, anyway.
I don't disagree with you at all.
I love downtown Las Vegas, but, cripes! That kind of money should get you an entire downtown casino.
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