Oana On Las Vegas Single-Family Real Estate

Oana's is an interesting and seemingly valid point: "metering." Note that the Fed's policy of paying interest on excess reserves has made it possible. It allowed banks (used loosely: investment and otherwise) not to mark-to-market. That's why they've been able to hold onto so much REO and to engage in allowing short sales, etc., while still remaining liquid and solvent, at least on paper and when their off-balance-sheet liabilities aren't factored in.

Oana: As far as the shadow inventory is concerned, that’s irrelevant. It’s irrelevant for a lot of reasons. Number one, we’ve had the shadow inventory for more years than I can count at this point.

Todd: Right.

Oana: And it has not shown up. The second reason why that’s irrelevant is because the institutional sellers have that inventory but they have no reason to dump it on the market. They have experience with that, and they’re not going to do it again. They are metering out the inventory, and it is coming on the market at absorption rate or even lower than that, which is the reason why our inventory is so low and it has been low for a long time.

via Las Vegas Real Estate Investing | Todd Miller TV.

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.