Wow, a week that’s been filled with nostalgia for bygone popular social media outlets (they come and go so swiftly!) just got ever more nostalgia-y, with the news that Tom Anderson, aka “Myspace Tom” — everyone’s first Myspace “friend” — is now working in real estate in the Las Vegas area, and he wants you to know that there’s never been a better time to buy a house in Vegas!
Today, Anderson lives in Las Vegas and, again like (Zappos CEO Tony) Hsieh, has become a champion of the local arts and culture scene here. Perhaps related to the fact that he and his co-founders sold MySpace.com and its parent company to News Corp. for $580 million back in 2005, Tom has also become something of an expert on the Las Vegas housing market.
“In August 2006 [Las Vegas] house prices were 134% higher than they were in January 2000,” he explains, “but as of January 2011, prices are back to around those 2000 levels. When you adjust that for inflation and current wages, homes here have never been more affordable.” And it’s this affordability which makes Las Vegas such a haven for property speculators. “You’ve got a lot of investors — and some regular homeowners — making all-cash purchases in Vegas right now. In fact over 50% of monthly home sales in Vegas are all cash-purchases, and have been for a few years.”
Meanwhile, Rupert Murdoch, who bought Myspace for $580 million in 2005, is now trying to find someone to buy it for a $100 million. Good luck with that, Rupe!
(via Business Insider)