No Money To Buy A Luxury Las Vegas Condo? Try Trump Las Vegas Rentals

Trump Towers Las VegsaNo money to buy a luxuy Las Vegas condo due to the tightened credit market and increased down payment?  A new idea for a local Las Vegas real estate developer has come up with a solution for a slump in sales, rent unsold condominiums.

Now you can live like a king on a smaller budget.  Trump Las Vegas will lease their furnished upscale apartments for up to one year.  If all goes well, other developers could jump on the bandwagon.  Slowed or stalled sales at future condo hotels including units at MGM Mirage Project CityCenter could follow.

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Credit For Housing Mortgages Now Takes Longer For Luxury Condo Buyers

Palms Place HotelCredit for housing mortgages now takes longer for luxury condo buyers in Las Vegas real estate.  Condo hotel units are currently appraised at a significant discount from the contracted price several years ago.  Some units are valued 30 percent less and the mortgage lender is lending on the current appraisal.  Most Las Vegas condos on the Strip had a deposit from 20 to 30 percent down.

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MGM Grand Tianjin Luxury Condo Hotel In China Announced By MGM Mirage

MGM Las VegasMGM Grand Tianjin luxury condo hotel in China announced by MGM Mirage.  The first nongaming hotel project in mainland China with jv partner expects to start groundbreaking in several weeks.  The location is projected to cash flow $200 million annually.

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Palms Place Luxury Las Vegas Condos Expects Opening February 29 2008

Palms Place HotelPalms Place luxury Las Vegas condos expects opening February 29, 2008. Palms Place has received a temporary certificate of occupancy Friday from Clark County inspectors. New condo buyers will be able to close their real estate transactions and start moving in at the end of the month.

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