With the prices of home ownership rising, the dream of owning one is slipping away for some in the Las Vegas valley. Channel 13's Bryan Horwath has more. READ MORE: www.ktnv.com/news/dream-of-ho...
These casinos want workers, but these casinos forget workers don’t have a place to sleep. Serving guests at luxury places and workers living in crime ridden shared apartment room. What a backwards city. 😬
Noticed this at Wynn. It's the most expensive hotel in town, but most of the employees live with multiple roommates or family members. Also many casinos now only offer "steady extra positions" so you don't qualify for medical or a set schedule. I co-worker of mine was "steady extra" for 5 years with two sons and sometimes he wouldn't get called for two weeks. Most of coworkers in 2022 were only making $15-$17 an hour.
Corporations buying everything and paying zero dollars in taxes while doing it . Who own corporations share ? Politicians and lawmakers representing the people
Congrats ..and hold to that home and enjoy while you can.. before rich people come to town and buy all the homes and land and build condos and make billions of dollars and move on to another town. 😂😂🏃♀🏃♀🤣🤣ways of the world👌👌
People seem to forget how cheap homes here were during the recession, $125,000 average price or so. That resulted in a decade of very little home building during the recovery as there were SO MANY AVAILABLE home at low prices. Now there is a shortage of homes on the market which means high prices. Sorry folks but those of us who lived through the boom and bust and recovery have homes that are worth a bit but not much what we paid for them 19 years ago. Unfortunately, some will have to move to cheaper states in order to find a home.
Building more homes won't do much honestly because building homes is EXPENSIVE due to inflation. Cost of materials and labor are significantly higher now. 300-400k is about as low as you'll get to build a new home. So how exactly are you going to build your way to affordability? Yes, building is part of the solution but you also need higher wages/income etc.
Cheaper states like New Mexico .. cheaper states have nothing to offer. They have low quality of life, horrible healthcare and bad educational opportunities. There is a reason why people move to east coast because of life quality and community conditions. Chose states have very little offer other than home. Life is much bigger than that.
@@joshn2342323EXACTLY I was going to say that building material is also scarce. Homes will NOT go down in price and there likely be no housing crash like people thought.
Homes in my area slowly increased in price from the original $112 k selling price new in 1981 to around $350 k in 2019. From 2019 though 2024 today the prices went from $350 k to $560k. So a $238 k increase in the 1st 38 years, then a $210 increase in the last 5 years. It really is crazy in 15 years it should be over a million.
Thank you Californians for moving to vegas. You really “helped” the betterment of our city…. I want to thank our government officials for turning vegas into little Compton too. Thank you so much😊
@@lindapindabelinda3570 the city attracting and opening vegas up to Californians with welcome arms, those Californians willing to pay a arm and leg for any house in Vegas because it’s cheaper than cali, prices going up because of that, leaving real Vegas residents out in no mans land
I disagree. A lot of people from California are trading in their dumpy homes in the coastal areas for large homes here much of it with cash. There are people like me who retired here due to the then low cost of living. Las Vegas is still affordable compared to other cities in the west. That is why the Californians are moving here. I did not move from California, but retired from the military in South Carolina to where amazingly homes there in the Charleston area are now super expensive compared to Las Vegas. Homes here however are built to a much higher quality standard.
Where I live in Upstate New York, a new 3 bedroom house with a yard goes for $200,000- $300,000. You can still get older homes for $100,000 - $200,000, sometimes less.
Housing prices as well as Auto prices have skyrocketed, Wages have not followed, with interest rates where they are at it makes everything unaffordable,
Shit, rent is $1600 in NLV and all the extra high ass bills is crazy. Car Ins 217 a month. All the crime here... drive by shootings, hit and runs, killings. Las Vegas isn't a long term place to live now. People like me are stuck on this hamster wheel. Governor Joe isn't doing anything for us, wasted my vote on this Rino. Anyone want to talk about Gas almost hitting 5 bucks again.
I don't think i would buy a house here in Vegas or anywhere. I don't want to pay HOA fee and home ins and pay property tax. Owning a home is a liability if you live in it .
In 2011 one could buy a nearly new 3500 sf house with a pool, on a half acre in a gated HOA for under $300,000. There were lots of them, 70% off the original price. It took until 2021 for the prices to recover to just the 2005 sales price. Too bad more people did not take advantage of that and the low interest rates.
@kennixox262 but the economy and jobs were still pretty bad then. If you were already established (like my parents who are boomers) you got a great deal.
@@chinaarlene7035 I'm a very late boomer, or what is called Generation Jones. People like me who started working after 1980 pretty much got the shaft from the Reagan years on. When I think of Baby Boomers, I think of those who were at Woodstock, Vietnam, Flower Power and all that. I don't remember any of that myself. I think I was 18 or so with the advent of MTV to put that in perspective. For me, I am very well established and managed to do very well for myself over the years, a graduate of one of the military academies, a 20 year military career and a career after that. Now, I'm semi retired with a nest age, no mortgage and no debt. Essentially, I paid for my college "four" times from military service. I get it that many younger people don't have some of the opportunities that I had, but in my own situation, worked very hard and had ZERO life of my own during those years. Blame the billionaire class for shipping jobs overseas, dumbing down the population and filling their heads with nonsense. We went from an industrial economy to a service economy with horrible results.
At the minimum 25% above listing price, realize the avarice how the home industry devoid unassuming buyers of reasonable pricing. Wouldn't disregard the exploit the advisors, agents, builders, and lenders are colluding … plus disproportionate local government taxes that exacerbate hardship to homeownership.
Its cheaper to live out of your car these days if you don't have kids, go to planet fitness to take showers and work out. A house is like a storage unit for all the stuff you buy from Amazon, your hardly ever home anyways! Just trying to look at the bright side ...
So start building medical centers, more educational institutions, and tech hubs... instead, we continue to build stadiums and spheres lol... Las Vegas is doing it to its own people.
There has to be incentives for those industries to move here. They tried the tech thing. It failed. Nobody wants to live here long term. They're trying to incentives more physicians to move here by paying their student loans. It's just...no one who makes a lot of money, really wants to live here if they have other options.
When housing were cheap in Vegas around 2010, no one wants to buy. If you are an adult and can't figure out your housing situation, there's nobody to blame but yourself.
@@j.l.salayao8055 🤣🤣😂😂there's nobody to blame but yourself....oh wait you were a baby you have no one to blame but your mother and father for having you .Why did they had you?
@Area51-is6vg oh, you got it twisted. All is well and I'm not pointing fingers on anyone. My future I bright and that's my choice for the things I can control. I am grateful for my parents bringing me up and I am proud to be here whether you like or not. Life is unfair at times, but still good. I came from a simple life so the American ways is a walk for me as a rugged gentleman. Stay positive, life is short.
In Seattle homes are $800K +. In L.A. it’s $1 million+ . Las Vegas is CHEAP by comparison!!! (I paid $750K cash, and retired at 50). HOAs are also cheap! My Las Vegas HOA is $260 a month. My HOA in Seattle? $485, L.A.? $650. 🤷🏼♂️🤷🏼♂️🤷🏼♂️. ……Also there’s NO income tax here!!
I don't understand people like yourself who bring up how it is somewhere else as if that is supposed to make us feel better about the current situation. If you grew up here I don't see how you could not see it from the perspective that many of us share that we are priced out of just living where we call home. Growing up I dreamed one day of owning property here in Las Vegas but just like many others I am having a factor in the idea that that just might not actually happen in my life unless I have an extraordinary increase in my income. Just for the record I have made $150 in the last 2 years and I myself am not able to purchase. I don't care what Washington folk are doing or even California's I only care about my fellow Nevada's and the situation that affects us.
@@ethanmiles20 150k? You're over spending, you need to save and invest and live on less. What car do you drive? what's your car payment? If you have credit card debt you have no excuses
@@aaap3875 a 2013 Toyota Avalon at 266 a month. I have one credit card that is about to be paid off. I am self employed, my income does not equate out to the same on W2. I don't live lavishly, I have never had a vacation and I pay 1500 for rent in a condo. I am just another example that the system is rough and working against us currently. Oh, and no I don't eat avocado toast every day lol
