Today, September 14th, 2007, Luxury Mortgage Group’s President, Jason Fox, appeared on CNBC to discuss how Las Vegas high rise luxury finance has recently been impacted.
In the past, certain segments of the media have inappropriately cast doubts and predicted doom for our high rise market; comparing us to Miami and other overbuilt areas. Because of Las Vegas’ strong local economy and international tourism appeal, we are very bullish on the Las Vegas high rise real estate market. Additionally, the high rise product we have in the ‘pipeline’ is nowhere close to what other markets have existing and under construction. We are seeing savvy international investors purchasing condos and locking them in at today’s still low 30 year fixed interest rates while many US buyers fail to see the opportunities that are currently at hand. We look forward to seeing Jane Wells’ third party perspective.
-Jason Fox
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I saw you on tv and was really surprised to see how tall you are! Great job Jason!