To keep things in perspective, the median price of resales has increased 110% since 2000 and 25% since 2004.Another major factor in Nevada is a new law that is scheduled to take effect October 1st (AB440) which will make it almost impossible for lenders to offer stated income loans.

I'm looking at my first perspective rehab with the REO's realtor.

Everything is perspective.

Go for it I would tell them, but mine doesn't have dog **** on the floor, mine is freshly painted, has a garage door opener, SOLAR SCREENS ON WINDOWS, HIGH EFFICIENCY A/C, EXTRA INSULATION IN THE ATTIC, so you will probably pay $50/month less for utilities in my place.Remember, THIS IS A BUSINESS.

Prices do look a bit high when you put it into perspective, don't they?

I have no perspective on pricing in CA, but from everything else in your post, this is sounding like a good deal to go after.

Rise,Doesn't sound like your overdoing from a neighborhood comp perspective.

My personal opinion is to keep everything in perspective.

Then again I'm looking at it from a rehabbing perspective and there are only certain neighborhoods where it is easy for me to market the property once I'm done with the rehab.

For some perspective, live outside the country for awhile.