I wonder the "landfill" concern is actually about BMI waste water dumping. I was aware of that part of it.
Successful environmental cleanup in Henderson, NV | DCNR.
Yes, that was one of the links I posted before. It may be that what is being referred to by some as a "Landfill" is referring to toxic waste dumping. I haven't looked into it that closely. But I've decided that Cadence is just not for me as I indicated.
On another note - I spent some time this weekend looking at every house currently listed in western Las Vegas between $400k and $475k that was built from 2010 to the present.
I did not include anywhere in North Las Vegas. I looked roughly at the area west of S. Decatur. It was an interesting execise to carefully look at those houses. Newer houses like that are mostly fairly west or more to the North or South. The main areas were: Providence (lots of Providence), Centennial Hills and therabouts, Mountains Edge (lots of Mountains Edge) and some areas close to Rhodes Ranch. On the SW side almost all of them were outside of 215. On the NW side they were on both sides of 215 although most were west of 95. There were a few scattered places east of 95 such as the new development at Sunstone.
It was interesting to see how the market has slightly shifted in the last few weeks. If you look at houses currently pending from, say, $450k to $475k that went under contract in earlier June, they are usually houses in fairly good condition but somewhat ho-hum. For active listings in that range or those that just went under contract, they seem to have a bit better finishes or are a bit larger. I noticed that a number of houses in that range newly under contract were originally listed at higher prices. About 38% of the houses not under contract have had their prices reduced especially the houses that have been on the market for a month or more. Interestingly, I saw that DR Horton has modestly reduced prices on a few houses in this range (mostly small reductions like $5k).
Some people just don't seem to realize the market has slowed. I saw a ouple of houses listed in May or earlier that have slightly reduced prices but the houses seem insanely overpriced compared to other similar houses in similar locations. Sometimes those are iBuyer houses where I they paid too much for the houses.
For example, I saw a house that sold for around 470k in February and was listed in March at 541k. This house was in the Southwest and was somewhat dated. Nothing special. They've reduced it down to 475k but it doesn't really compare favorably to other houses of that price.
What I am seeing is not a huge decrease in prices. Most of the houses I saw with huge decreases were houses where people got on the bandwagon and listed boring, not special houses at the same prices that nice houses were getting. They seem to have just been throwing junk at the wall and hoping someone would buy. And, it was hard to find a house so I'm sure many buyers were desperate. Now, with demand slowing a bit, buyers can be more discerning. If there are 2 houses in the same area that are the same price and one of them is much "nicer" than the other then people will go for the nicer one.
As someone who hopes to buy I like the idea that I can perhaps buy a house that I like. 6 weeks ago some of the choices were fairly grim. If I was able to buy now (which I can't yet), there would be at least a number of houses I would want to happily look at.
Have not heard of the "landfill problem". What is the landfill problem?
