Las Vegas Homes For Sale - Insanity!

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Las Vegas Homes For Sale - Insanity! The majority of people in the US cannot afford the average home price, even in once affordable cities like Las Vegas and the dwindling supply of Las Vegas homes for sale further prove the challenges of homeownership today. Hyperinflation and corporate greed have driven prices sky-high, making it increasingly difficult for ordinary Americans to achieve homeownership. The overall real estate market and especially Las Vegas real estate and most all of the Las Vegas homes for sale, exemplifies this trend. Despite the economic pressures, some home prices are now selling for lower than their original listing prices on popular real estate websites like Zillow, revealing the market's volatility. The insanity of the situation becomes evident when considering how Las Vegas homes for sale, which were once within reach for many, are now slipping away from prospective buyers. Corporate and personal greed exacerbates this problem, especially in the Las Vegas housing market where there are still less than 4,000 total Las Vegas homes for sale. The hyperinflationary environment only worsens the situation, with costs rising faster than wages. Data from Zillow shows a growing number of Las Vegas homes for sale with price reductions, yet even these lowered prices remain unattainable for many. This real estate market insanity, especially Las Vegas real estate, highlights a significant barrier to homeownership, making it clear that immediate action is needed to address these affordability issues. Aspiring homeowners, especially those looking to buy any of the Las Vegas homes for sale, may want to potentially exercise patience as a potential correction could occur later in the year or into 2025. As interest rates remain high and the job market weakens, many indicators are suggesting a recession could be on the horizon. For those eyeing Las Vegas homes for sale, the path to homeownership has never seemed more challenging but that could change as less buyers qualify at higher mortgage rates while inventory slowly continues to increase.
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Опубликовано:

8 сен 2024

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Комментарии : 611

@lasvegasliving9237 2 месяца назад

The majority of people in the US cannot afford the average home price, even in once affordable cities like Las Vegas. Hyperinflation and corporate greed have driven prices to insanity, making homeownership increasingly unattainable. The situation is starkly evident with Las Vegas homes for sale, where many properties are now selling for lower than their original listing prices on popular real estate websites like Zillow. Despite these price reductions, the affordability crisis persists, highlighting the market's volatility. This trend of Las Vegas homes for sale being out of reach for many underscores the broader issues of economic disparity and housing affordability, fueled by unchecked inflation and corporate profiteering. If you’re looking to buy a home, whether in Las Vegas or elsewhere, it is essential that you do not overbid on the price as many homes are significantly overpriced. It is wise to be patient if possible and wait for home prices to recede, even if it takes most of 2024 for that to happen. As a local Las Vegas realtor, I help people make the move into Las Vegas all the time. Reach out to me anytime if you're considering moving to this beautiful city. It would be my pleasure to help you find your perfect Las Vegas dream home. Jerry Abbott - REALTOR Summit Properties Call/Text: 702-550-9658 Email: jerry@jerryabbottrealty.com Website: jerryabbottrealty.com

@smiddlyrabone8900 2 месяца назад

They need to get off there High Horse and get a Mobile Home for now, things will change

@lasvegasliving9237 2 месяца назад

@@smiddlyrabone8900 Not an ideal option for most people.

@challenger70fan 2 месяца назад

Move out of the las vegas area, it's overrun with cali liberals..

@Daniinthecity_ 2 месяца назад

@@smiddlyrabone8900land and a mobile home that’s where my husband and I are headed towards I just want my 2 acres and build a house on our timeline.

@I_Love_Furbabies 2 месяца назад

The realtors Welcome those California idiots and then the locals have to put up with the Real Fact that those California idiots are actually Investors who rent to disgusting tenants!

@NoDaysOff-oz2zl 2 месяца назад

Half the people around me are hopelessly in debt. That explains all the people speeding past me on the interstate at 20+ mph over the posted speed limit in their BMWs, Land Rovers, and Princess Pickups. They don't care. They pay attention to nothing around them.

@lasvegasliving9237 2 месяца назад

So true! It's all smoke and mirrors out there.

@SafeEffective-ls2pl 2 месяца назад

They'll care when the tow truck shows up

@ceciliapreziose3783 2 месяца назад

Yep, people are now forced to BUDGET

@agoogleuser4410 2 месяца назад

My thoughts exactly. Well said.

@giovannipiazza007 2 месяца назад

You described Palm Beach County , Fl . This place , South Fl will be Ground Zero for the collapse of the home market. So many opportunities will arise from all this .

@talkingonline821 2 месяца назад

"Houses arent selling due to high interest rates," nope these are normal rates, lets help the realtors and sellers figure it out. Listed for 900K-no sale, listed for 800K-no sale, listed for 700k-no sale, listed for 600K-an inquiry, listed for 500K-offers recieved. This is called the real marketplace. Great to see FL and TX kicking off the upcoming real estate debacle soon to be coming to the West coast

@lasvegasliving9237 2 месяца назад

It will always depend on proper pricing. Some homes are massively overpriced and therefore go through many price reductions. However, when homes are properly priced, they have been selling fairly quickly. Florida is a completely different story now at this point.

@SafeEffective-ls2pl 2 месяца назад

Property taxes in Texas are the killer. A $1 million property pays about $25K/yr. The high rates were okay when the average middle class house used to cost $150K about 15 years ago. Crazy shit now.

@CosmicLab167 2 месяца назад

I can give counter examples. Listed at 750K, sold for 800 and change after fierce bidding. Bergen county, NJ

@emt52889 2 месяца назад

Listed for 1.9 million. Sold 2.2 million. Bay area California

@bigb6046 2 месяца назад

Exactly , rates ore not really too high , maybe slightly higher than traditional norms but the real problem is prices are too high. The real problem was the 2 1/2 % rates we had for a while that screwed up everything. Hey , would you lend your money out to someone for 30 years to get a 2 1/2 % return? , why would you expect to be able to borrow for that rate?

@thomaskim5008 2 месяца назад

The smart people are saving and waiting for the home price bubble in Vegas to burst. Just be patient

@lasvegasliving9237 2 месяца назад

Maybe so but also those who have waited have lost out on a lot of home price appreciation. I don't see a massive crash happening.

@scottmcdonough7773 2 месяца назад

watch the Clear Value Tax channel. He makes a solid case that once quantitative easing and interest rate cuts resume assets will again appreciate; rate cuts are coming to ease the pain of the uber-wealthy landlords of commercial real estate that soon requires refinancing. We may be in a perpetual ride up regarding asset appreciation. This further separates the haves from the have nots.

@thomaskim5008 2 месяца назад

@@scottmcdonough7773 We see. No one the future.

@Uncutslots 2 месяца назад

@@scottmcdonough7773 And the inflation bar for cutting rates is likely going up imo (from 2% to ~3%)...not only to help the wealthy but also encourage more deficit-spending by Big Brother, whose record indebtedness thrives better with more inflation...simply via the the passage of time. It's quite the commensal relationship taking place between the Fed & Big Brother at the little guy's expense. Unfortunately, "real" inflation will continue to outpace wages, governments (local & federal) will continue to overspend, & our pain will continue to get significantly worse. They should have stopped kicking that can down the road a few QEs ago. JMO.

@Lex_Koncord 2 месяца назад

I think in Vegas, it’s more likely the housing market will stagnate, not crash. Still people moving here and not enough homes

@thomasfranco5997 2 месяца назад

A co-worker of mine bought a house in the Appalachia's in Kentucky and said it is beautiful. But you see a lot of Abandon Homes that have been sitting empty for years. The quality of life is really bad and so is the drug addiction with kids. The towns were thriving in the 80's but now it is like a Ghost Town in some areas. He says it is better than living in Los Angeles County. Los Angeles is really getting bad with all these Mob Robs in stores. I remember during the 80's friends, and I would have lunch on Melrose Ave. in Hollywood when it was safe. NOT ANYMORE! I used to work in Downtown L.A. at that time. I will not go there now. So, Sad.

@lasvegasliving9237 2 месяца назад

It really is a terrible situation nowadays for millions of people. It was not nearly as widespread then as it is now.

@Mrdiver001 2 месяца назад

LA is a shit hole! , and Sandiego is following in LA‘s footsteps.. sad..

@canyonproductions7683 2 месяца назад

Breaks my heart Thomas! It was once an amazing City

@victoriascholl4607 2 месяца назад

We rented a 2300 square FT home for $1,650 between 2018 to 2021. After we bought a home in 2021 - the house we rented now cost $2,500 to rent.

@lasvegasliving9237 2 месяца назад

Unreal! 🤦🏻‍♂

@jimkelley8658 2 месяца назад

No surprise that rents were going to start skyrocketing around 2021. Blame a bunch of that on govt policies with the pandemic. Plenty of money to go around for renters but not landlords. No eviction policies and people stopped paying but landlords still had mortgages, taxes, etc. Anybody with a pulse could see what was coming because of that.

@lasvegasliving9237 2 месяца назад

@@jimkelley8658 True but it has gotten completely out of hand.

@lasvegasliving9237 2 месяца назад

@@michaelsyufy7733 Absolutely.

@jamesgallegos4665 2 месяца назад

As a former RE appraiser in CA, I still can't reconcile is how people who live in the Las Vegas Valley afford these super-inflated homes? It's not like we're living in the cradle of Silicon Valley or any industrial or agricultural stronghold and of course, there is the entertainment industry that can't be overlooked, but how can anyone who does not work in that industry live and survive here? There are might be new businesses around, e.g., Amazon, but other than that, are the work-from-home careers enough to fuel this economy? Are government jobs enough? I don't get it! Something's going to have to give soon the way these trends are going and when that happens, watch out! Those $700k and $800k homes currently on the market will fall hard! Only a matter of time... appreciate you and your straighforwardness Jerry!

@lasvegasliving9237 2 месяца назад

Thanks for sharing your thoughts but most of the buyers in Las Vegas are from out of state are wealthy homeowners or smaller/large investors/corporations and also foreign investors. The local Las Vegas population is certainly not able to support these over inflated prices with this current local job market. I do not think we are going to see a market crash like many people are expecting as we saw in 2008. Many of these buyers are well qualified or cash based. We'll see how it plays out. Thanks so much for the support.!🙏👍

@jamesgallegos4665 2 месяца назад

@@lasvegasliving9237 Makes sense that the money coming into the Valley is from out of state, my guess being mostly from Cali. I'm going to dub this transfer of wealth "The Exodus Effect" but I can't see how this is sustained going into the mid-to-long term (1-2 years) unless there's a break in interest rates. November 5 will determine if we continue into this abyss or somehow find a way to pull up, back to some semblance of sanity!

@lasvegasliving9237 2 месяца назад

@@jamesgallegos4665 a lot of it is coming from California. We'll see how it plays out after the election.

@johnnycastaneda2371 2 месяца назад

The biggest thing I think about and what Logan from housing wire said was, if the migration halts, can the locals afford and pay those newer prices to continue the homes appreciating?

@plektosgaming 2 месяца назад

We don't. It's speculators, hedge funds, and boomers who are downsizing. Actual locals are moving out or holding on and renting as it's simply broken economics. $1500 a month rent in a city like this is absurd. It's $2000 a month to rent in Los Angeles, by comparison. The wages are indeed very low and the cost is very high. Something has to give at some point, but I fear this city may just become one giant blob of retirees like Tucson.

@5dc61 2 месяца назад

It’s rare to see a quality channel respond to so many comments. Gives a real sense of engagement. Keep up the good work sir, soon you will have so many subscribers and comments that you will not have enough minutes in a day to respond = product of your success.

@lasvegasliving9237 2 месяца назад

It does take a lot of time but I enjoy the engagement. Thanks so much for the support!🙏👍

@Anonymint-vj7bt 2 месяца назад

@@lasvegasliving9237 I had an idea for a site where only those who were paid subscribers would receive a reply from the creator. Do you like this idea? To help creators build a revenue stream but integrated into their comment section, so no needing to bifurcate their subscribers off to Discord of whatever. Social media integration really sucks.

@196940oz 2 месяца назад

Can’t go wrong when showing actual data. Great vid!!!🎉

@lasvegasliving9237 2 месяца назад

Thanks so much!🙏👍

@John_GGG 2 месяца назад

@@lasvegasliving9237McDonald’s prices are insane. Truck and car prices are insane.

@toejoe9105 2 месяца назад

I feel bad for our young. Between 9-11, COVID, and inflation, it's no wonder they're disillusioned and struggling. And then I realize how they tend to vote. Hopefully, they learn that the "gubmint" doesn't do anything to liberate them, it exists to enslave them.

@lasvegasliving9237 2 месяца назад

It is tougher than ever for the. younger generation. Thanks for watching.

@I_Love_Furbabies 2 месяца назад

The young are not saving any sort of money…”Gotta buy my Starbucks,” and “Amazon…what shall I buy?” and “DoorDash can deliver my dinners, lunches…….and my small amount of groceries are just a small amount because I spent my money on Starbucks.” plus “Where should my next tattoo be? Oh, what about my new eyebrows or eyelashes!?” I do not feel bad at all for the younger generation.

@plektosgaming 2 месяца назад

Also: "Why doesn't my child want to shuffle off to a meaningless low pay job in a cubicle somewhere like I did?"

@scbrennan2039 2 месяца назад

Corporate shareholder greed plain and simple.....

@TheeLynnChase 2 месяца назад

no, that's not it. It's money printing.

@lasvegasliving9237 2 месяца назад

Very true!

@lasvegasliving9237 2 месяца назад

@@TheeLynnChase That's also a big factor!

@ROCEMPOWERMENT 2 месяца назад

California transplants are doing this fool. Check the license plates all over Vegas

@SafeEffective-ls2pl 2 месяца назад

@ROCEMPOWERMENT Same in Texas. The flow of California plates hasn't slowed yet

@eddieg6436 2 месяца назад

I bought a 3 bedroom, 2 bath, 2 car garage OLD home in Seattle, Washington back in 1999 for $290,000. I lived in it for twenty years, and sold it in 2019 for $987,000. Sick of the rain, and wanting sunshine in my lifetime, I retired to Las Vegas at 55 and paid all CASH for a GORGEOUS 4 bedroom, 3 bath with pool, and 3 car garage home built in 2005 in the upper $600,000. ……..SOOOO CHEAP!! In Seattle my new home would cost $1.8 million!! (at least). ….and don’t get me started on the taxes up there!! My garbage bill in Las Vegas is only $54 every TWO months (and I can put out HUGE garbage once a month for FREE!!!……garbage was $116 EVERY MONTH in Seattle!! and anything big you wanted to dispose of was $$$. ……..Las Vegas is CHEAP if you’re coming from Seattle, Portland, or California. 🤷🏼‍♂️🤔😀

@lasvegasliving9237 2 месяца назад

Good job and also very true and why so many from those areas have been moving to places like Las Vegas.

@Phlakaton88 2 месяца назад

2005 for $600k? Jesus. Houses were averaging like $160 back then.

@Phlakaton88 2 месяца назад

I bought 1acre with a great 2000 sq ft house in Gig Harbor two years ago for $550k. It’s gorgeous and across the road from the inlet. Works for me! No way am I going near Seattle.

@eddieg6436 2 месяца назад

@@Phlakaton88 …..the home was BUILT in 2005, but I bought it in 2021. 🤷🏼‍♂️🤷🏼‍♂️🤷🏼‍♂️

@lasvegasliving9237 2 месяца назад

@@Phlakaton88 Yeah, that's expensive back in 2005.

@sogggy 2 месяца назад

I really enjoy your weekly videos. I don't plan on buying a home or moving to Vegas but this is great info.

@lasvegasliving9237 2 месяца назад

Thanks so much for the continued support!🙏👍

@ceciliapreziose3783 2 месяца назад

me too, home and car paid off, I lived within my means and bought a nice subaru. Retired, SS is good and I work 2 days a week.............almost gravy!!!!! BUDGET BUDGET BUDGET, you and your kids don't need a $!,000 cell phone. Mine $100.00 about 10+ yeas ago. I call, text...............all good

@lasvegasliving9237 2 месяца назад

@@ceciliapreziose3783 Thanks for sharing.

@guzmancharles7 2 месяца назад

Lennar Homes is doing the same thing that Countrywide did during the ‘Housing Crisis’.

@TheeLynnChase 2 месяца назад

what is that exactly?

@masonloh1411 2 месяца назад

@@TheeLynnChase Shoving home loans to people who can't really afforded Country Wide.

@lasvegasliving9237 2 месяца назад

Greed, greed and more greed!🤷‍♂

@lasvegasliving9237 2 месяца назад

@@TheeLynnChase Pushing any and all types of "deals" on buyers just to continue to pad their bottom line.

@lasvegasliving9237 2 месяца назад

@@masonloh1411 Yes, and also "discount" prices by starting at massively overinflated levels.

@UncleDavesKitchen 2 месяца назад

As long as supply and demand continue those that can afford a decent home will. Investors discovered a cash cow in owning rental properties and I see no change in that beast any time soon. It's global, not just in the USA.

@885Blackjack 2 месяца назад

It's fake demand driven by greedy American corporations who should not even be allowed to buy single family homes they have no intention in living in.. The problem is the LACK OF LAWS

@lasvegasliving9237 2 месяца назад

Very true. The sad part is that it's all of this reckless spending that has created such an affordability crisis.

@anthonymartinez4307 2 месяца назад

Yes especially the wealthy. But everyone else majorly of people and families won’t, that is so wrong.

@anniealexander9616 2 месяца назад

Investors are giving the next generation free rent. Buyers are almost non-existent. Supply is going up. Boomers are beginning to die off and free up homes. It will take time but work itself out.

@lasvegasliving9237 2 месяца назад

@@anniealexander9616 You could very well be right. Time will tell.

@davidmajer3652 2 месяца назад

That was a real good idea to revisit some of your prior examples and see how they played out. Please do this from time to time.

@lasvegasliving9237 2 месяца назад

Will do! Thanks for the support David!🙏👍

@GreggK6EGG 2 месяца назад

thank you for the content.. A lot of people don't really understand what's going on... stuff might go down hell fast soon...

@lasvegasliving9237 2 месяца назад

Thanks so much for the support Gregg!🙏👍

@canyonproductions7683 2 месяца назад

This is the ONLY Real Estate channel Ive seen thats Honest about “inflation”. Im not buying that prices for gas and food are so high just because of INFLATION! And i’ll tell you moving to California is DEATH! I just moved back for a family event and I cant WAIT to leave again! Its literally a different Country now

@lasvegasliving9237 2 месяца назад

Thanks so much for the support!🙏👍

@lisaaustin4561 2 месяца назад

LOL! The mortgage payment $2992 is LESS than what I’m paying for rent in California! if anyone is still wondering why the exodus from California this is why! And no NOT a luxury apartment by any stretch!

@lasvegasliving9237 2 месяца назад

Scary expensive in California!

@1963Oklahoman 2 месяца назад

I'm so thankful all our stuff is paid of...even my wife and mine funeral plot and services. What gets me about all of this "mess"/economy/housing market is that peploe keep buying outrageously priced items...keep purchasing and the price will go up until the consumer can't pay it Thirty years ago I started to notice this with cars and especially trucks...trucks are almost the cost or a good down payment of a house. Keep paying high prices for trucks and they'll keep making them...

@lasvegasliving9237 2 месяца назад

Yup. Very foolish buying behavior has fueled this unending corporate greed.

@zbxck12345 2 месяца назад

Most of areas are sliding to buyer market but not las vegas .

@lasvegasliving9237 2 месяца назад

Not yet but the tide is eventually going to shift.

@zbxck12345 2 месяца назад

@@lasvegasliving9237 maybe next year😅

@lasvegasliving9237 2 месяца назад

@@zbxck12345 Maybe, we'll see.🤷‍♂

@martinlugo5026 2 месяца назад

You can’t make 300k a year and your budget of expenses be 400k , meaning don’t over spend, I gross 2023 45k plus 20k my wife 65k together, we have well over 20k cash, 401k over 15k ,IRA 6k low mortgage almost done with house payment, like finish paying it off in 4 years, no car payments, all used cars, no Credit cards payments and we buy what we need not what we want , I am 51 ,DONT BUY CRAP YOU DONT NEED, stop Flexing, Nobody cares what you drive!!! Oh BTW we ere in Southern California LA💪🏼

@lasvegasliving9237 2 месяца назад

Thanks for sharing that info Martin. Hard to know for sure if that person is overspending or not.

@scottyflintstone 2 месяца назад

02:42 elasticity of Demand is about to give McDonald's a reality check

@5dc61 2 месяца назад

The problem is California, everything is hyper inflated out there along with the minimum wage, businesses just pass on increases to the consumer. McD’s is actually considering abandoning California, that will be the true reality check.

@scottyflintstone 2 месяца назад

@@5dc61 if McDonald's or any service business can just pass on the costs to consumers, why would they close up shop? Turns out demand for BigMacs falls when the price goes up

@PlayedTV 2 месяца назад

That person is overspending. He probably drives a $100k truck, a $100k boat and RV's at 7.9% rates for 120 months and loves to put groceries on 21.99% credit cards.

@lasvegasliving9237 2 месяца назад

He specifically said he is not a big spender so I doubt he is living like that with $100K vehicles.

@ecebear3 2 месяца назад

Over half of his profit goes to taxes…federal, state, social security/self-employment tax. So he’s left with at most $9000/mo for expenses. That would pay for a middle income lifestyle in California and nothing extravagant if he’s supporting a family.

@anthonymartinez4307 2 месяца назад

@PlayedTV~ the chip and high demand of vehicles is long gone, it was just bullsh*t self created. Now today nobody is buying at such ridiculous prices. Banks are not lending anymore, that’s one, second the ridiculous rate adds another 20k to the already over marked junk. Car lots are packed and they still have vehicles from 2022 just sitting there. So you are wrong about people buying and financing such outrageous prices. If you finance a 90~120k vehicle you are not paying 1,100 a month bud, hate to brake it to you it’s more like 1,700~1,900 without the awesome insurance quote. Plus gas. So maybe at first some genius went out and bought his big truck or suv then a moth later the thrill was gone and regret set in. So no people are not buying into these outrageous money traps. The only people parading around are the communist democrats and Biden lovers. Bruh a big Mack is not worth 20.00 dollars it’s junk food.

@SafeEffective-ls2pl 2 месяца назад

$300K gross in California probably takes home $150K after self-employment, federal, and state income taxes. That's middle class in California

@jimkelley8658 2 месяца назад

@@SafeEffective-ls2pl A bit more than $150k as you're not paying 50% in taxes. Consider he/she can put away up to $30k if they are 50 or older with a catch up contribution on their 401k then you're looking at $270k gross. Subtract another $20+k on your taxes as standard or even more with itemizing and now you are looking at $250k gross. I'm going to guesstimate that they will be taking home around $180k at least. Higher side of middle class.

@derickz03 2 месяца назад

Inventory actually has turned and started going back down in Vegas. They can’t build them fast enough. So the market isn’t going to start crashing any time soon. We may have to face the music that we may have to be renters forever. Or at least for another 5-10 years. Thats how low inventory is.

@lasvegasliving9237 2 месяца назад

Recent housing inventory levels here in Las Vegas has gone up slightly, not down. I don't see big improvements happening anytime soon but there are certainly plenty of homes to still choose from if people have the economic means to purchase.

@derickz03 2 месяца назад

@@lasvegasliving9237 according to the reventure app that pulls data from NAR, FRED, HUD and others, the year over year has turned back down again for Vegas

@whiv 2 месяца назад

The real estate market in Las Vegas is truly wild right now. It's tough seeing homes become less affordable, even in once accessible areas. Let's hope for more stability soon!

@lasvegasliving9237 2 месяца назад

Let's hope so! It really is out of control.

@discreteentropy 2 месяца назад

I’m also in Vegas and what worries me is that as soon as rates soften, people on the sidelines are coming back in and with for-sale-inventory way down year-over-year (especially in Henderson), prices are going to be pushed right back up. Sadly these markets locally in the Vegas area are going to stay locked up for quite some time. Supply is sticky while demand reacts quickly.

@lasvegasliving9237 2 месяца назад

It's hard to imagine rates coming down anytime soon. This wass predicted by many to happen multiple times during 2024 and it hasn't happened once. That's because inflation is still completely out of control, regardless of the bogus public reports that are being fed to all of us. The Fed is in a tricky spot simply because lowering rates will increase inflation and keeping rates high could potentially send the economy to a recession.

@discreteentropy 2 месяца назад

@@lasvegasliving9237 The jobs report tomorrow may give us a glimpse as to the underlying health of the US economy. It could be interesting. Cheers.

@lasvegasliving9237 2 месяца назад

@@discreteentropy We'll see. Thanks for your input.👍

@kbdefay 2 месяца назад

Corporate greed is driving this country into the ground

@lasvegasliving9237 2 месяца назад

Facts!

@geoffm3031 2 месяца назад

All around the nation real Americans with families are competing with big corporations that are buying single family homes. Debt and collateral and hyper inflation!

@lasvegasliving9237 2 месяца назад

So true and so sad. Everything is such a mess!

@manuelvasquez2883 2 месяца назад

Always grateful 🙏 and informative regarding the real estate market 🙌 . Keep sharing 👍

@lasvegasliving9237 2 месяца назад

Thanks so much for the continued support!🙏👍

@agoogleuser4410 2 месяца назад

Rapid home value appreciation also drives up taxes and insurance. Many FOMO buyers are feeling this pain, with monthly payments shooting up. So home price appreciation isn't free money.

@lasvegasliving9237 2 месяца назад

Good point and very true!

@freedomtrucker2332 2 месяца назад

CC debt is my largest issue ..

@scottyflintstone 2 месяца назад

Buying a house and refinancing is the quickest way out of CC debt

@CarolGeiger-ik7uf 2 месяца назад

@@scottyflintstone😂😅😂😅

@lasvegasliving9237 2 месяца назад

So too for millions of people.

@lasvegasliving9237 2 месяца назад

@@scottyflintstone Yeah, not really for most people.

@freedomtrucker2332 2 месяца назад

My current rate is 3.75 ..I m loving that right about now ..

@doubleclutch3631 2 месяца назад

I enjoy watching your channel. You are probably the only realtor in the United States telling people they should buy in 2025

@lasvegasliving9237 2 месяца назад

I think I might be! Thanks so much for the support!🙏👍

@5dc61 2 месяца назад

In my family we cut down everywhere we possibly could and are sidelining funds to deploy once the markets correct. None of this is sustainable and it’s just a matter of time before another opportunity for wealth transfer presents itself. The smart people (ants) are patiently waiting and preparing for it while the not so smart people (grasshoppers) are blind spending trying to impress eachother. Historically, the government saying all is well and consumer debt hitting new highs have been key giveaways that we are close. The missing piece of the puzzle is unemployment, and that just rose to 4% on the last update (not enough to hit the panic button but certainly moving in that direction).

@lasvegasliving9237 2 месяца назад

Good for you. It could and already is getting ugly for others who have overextended themselves during this time. We'll see how it plays out.

@lockup6104 2 месяца назад

Mahalo Jerry, looks like we are getting some wiggle room in the LV housing market (new builds) it is also a good sign to see Lennar the 2nd largest home builder starting to lower prices and offer more incentives. I’m sure if Lennar continues to lower prices it will also bleed over to other new home builders including bringing back reality prices to the resale market. 👍🏽🤙🏽🌴🇺🇸🍍🌺

@lasvegasliving9237 2 месяца назад

I think the tide is eventually going to shift when we continue to see high interest rates and a weakening job market. If and when the economy falls into a recession and the stock market drops, it could be a whole new ball game regarding pricing. Mahalo buddy!🙏👍🌴

@saudismith703 2 месяца назад

Here in Connecticut the prices are still a little too high. I see a few price reductions but not by a whole lot, and houses are on the market a little longer than two years ago. Waiting to see what happens in 2025.

@lasvegasliving9237 2 месяца назад

It's always about location but I do think the tide will turn, especially when the economy/stock market finally hits rough water. Time will tell.

@artyomdubrovsky 2 месяца назад

You are a very honest person. Continue spreading the word.

@lasvegasliving9237 2 месяца назад

Thanks so much for those kind words and support!🙏👍

@itzryyster 2 месяца назад

That person you mentioned at the end, making over $300k a year is definitely overspending, especially in California. They can easily cut back and have plenty left over, but I'm sure they have fancy cars, a huge house, flashy watch and clothing....list can go on.

@lasvegasliving9237 2 месяца назад

He specifically said he's not a big spender so I don't think he has fancy cars or watches, etc.

@BringIt2013 2 месяца назад

It seem like no matter how high the prices goes in the market in general, people just keep buying and to me if that keep happening the market has no incentive to bring these back down..

@lasvegasliving9237 2 месяца назад

Unfortunately, it will likely take a recession which will cause a lot of collateral damage for consumer spending to finally slow down. Either way, it's going to be a lose-lose situation for many people when the market is up or down.

@meksouvanh 2 месяца назад

Thank you Jerry! You are a good man and honest! I’m glad that I found your channel! In my household twos incomes combined 150,000 a year and we still can’t afford to buy a house in California, very sad!

@Boots_And_Slicks14 2 месяца назад

He seems that way on the surface... I wonder if Jerry would really try to talk a buyer out of purchasing an overpriced home?

@lasvegasliving9237 2 месяца назад

My pleasure! Sorry to hear that about a California home but hopefully you'll find a better deal when the time/price is right for you.

@lasvegasliving9237 2 месяца назад

@@Boots_And_Slicks14 I've done it many times.

@Boots_And_Slicks14 2 месяца назад

@@lasvegasliving9237 So what ended up happening the majority of the times you did?

@lasvegasliving9237 2 месяца назад

@@Boots_And_Slicks14 Some buyers sat it out while others will buy regardless if they already have their minds made up.

@idnotapplicable 2 месяца назад

My patience finally paid off and I got a house $25K under the asking price. The seller was very motivated. Going through the closing hoops currently. Curious to see what will happen with the Vegas metro.

@lasvegasliving9237 2 месяца назад

Good for you. We'll see how it plays out.

@tw5139 2 месяца назад

I had a friend who bought in Vegas in 2006 for $435K, 3 years later the house sold for $135K. It might not be that bad this time but it won't be good when the bubble bursts.

@lasvegasliving9237 2 месяца назад

I don't believe we're going to see a repeat of the 2008 crash or anything remotely similar but we could (and should) see a correction after we get past the election.

@ROCEMPOWERMENT 2 месяца назад

💯💯💯💪

@I_Love_Furbabies 2 месяца назад

I don’t see the bubble bursting, I see frustration and disappointment.

@TuanNguyen-yc4wz 2 месяца назад

Good Morning Brother JERRY. How are you 💪I’m Love to Enjoy watching your Channel every Saturday Morning 👍🥇⭐️🥰🇺🇸

@lasvegasliving9237 2 месяца назад

Thanks so much for the continued support!🙏👍

@jimkelley8658 2 месяца назад

I think people are waking up that too many new home builds are just crap. Just another reason they are sitting. Plus, this includes a blank lot which one has to spend considerable money if they want to landscape. In addition, the lots are really small. I'll take a bit older, more established house with a bigger lot and maybe some upgrades if you're lucky.

@lasvegasliving9237 2 месяца назад

Many would agree with you on that.

@danielnicholson9924 2 месяца назад

With all the logic that you explain the real estate market in general, but specifically, Las Vegas, look at market trends, and evaluate prices and income requirements I’m at a loss as to why real estate is still selling at these high prices. I’ve been tracking homes in the Vegas area for well over a year and have noticed that the homes that I review have all sold for asking price or more. Clearly consumers have confidence, why do you think that is?

@lasvegasliving9237 2 месяца назад

First, many of the buyers are already wealthy homeowners from different states or small to large investors easily able to purchase even at these higher levels. Second, I truly believe the human psyche changed dramatically after we went through the pandemic. Most people have thrown caution to the wind and continue to buy recklessly without thinking of the potential financial consequences. Unfortunately, we will likely need a recession to occur, which sadly will create a lot of collateral damage to the average person, to finally see consumer demand slow down and potentially prices dropping at that point. We'll see how it plays out. Thanks for watching and commenting Daniel!🙏👍

@Phlakaton88 2 месяца назад

I bought my house in Vegas in 2001. $185k. I sold at $310k. Later it sold for $130k. Now it’s worth $580k. It’ll bust soon. Vegas is unsustainable anyway.

@lasvegasliving9237 2 месяца назад

Those days are over. Las Vegas has changed dramatically since those volatile times. We now have multi billion dollar corporations and out of state wealthy buyers easily able to purchase homes here without the likelihood of ever seeing the same kind of collapse that happened in 2008.

@americusdeville865 2 месяца назад

Federal Reserve Bank increased the money supply, devaluing the US Dollar. BRICS nations also on the rise. Saudi Arabia dropped petrodollar. $ 8 for a hamburger is a pretty good barometer per percent increase in inflation. $ 9 for Whopper in Southern California, in addition to taxes. Fees, taxes, regulations, bad government makes people want to leave California.

@lasvegasliving9237 2 месяца назад

It's all such a mess!

@curtgomes 2 месяца назад

You are doing a great service for people who have little economic knowledge. I recently purchased a breakfast McMuffin and a medium orange juice and I paid $10.51...... I am a long time stock market investor. What's going on in this country is pure economic insanity. I don't want to predict doom and gloom, but it's only prudent to consider the downside in this crazy economy. There needs to be some quantum changes in our society and especially at the government level.

@lasvegasliving9237 2 месяца назад

Thanks so much for the kind words Curt! 👍Inflation is bad but corporate greed is off the charts. Shameful.

@curtgomes 2 месяца назад

@@lasvegasliving9237 Yes, stock market (S&P) is up 40% in two years. Unbelievable. Note: RU-vid has shadow banned my account..... And yes, corporate greed is insane. We have spent trillions on defense, and Russia has proven they are much better armed than we are..... incredible!

@curtgomes 2 месяца назад

@@lasvegasliving9237 Washington DC, and the big pharma and military industrial complex are responsible. Stop this New World Government and all this stops...

@JimmyWisperrs 2 месяца назад

Awesome quote. May not be in the same boat, but the same storm

@lasvegasliving9237 2 месяца назад

I like that quote a lot! Thanks for the support Jimmy!🙏👍

@jamesmurphy9346 2 месяца назад

Until recently here in central California, I could but 2 24 oz cans of PBR for $5 . Now they are 2 for $7. Scanning Zillow I have noticed some changes in asking prices being lower. In the million dollar homes I constantly see a recent sale of say 700 thousand. Then it's put on the market for double what was paid. Then I have seen say 600 thousand dollars paid for a house, then a couple months later sold again for a million 2, THEN put on the market for 1.8 million. To me that is Wall Street Investors manipulation of the market to buy a house for 600 K and list/sell for 1.8 million. This practice needs to be stopped.

@thomaskim5008 2 месяца назад

The problem is the stupid buyer who is overpaying

@jamesmurphy9346 2 месяца назад

@@thomaskim5008 for sure. If I had enough money to burn a Wet Elephant, I would still refuse to overpay.

@lasvegasliving9237 2 месяца назад

Very true. That is constantly happening and the fact that buyers are foolish enough to buy at these inflated levels is idiotic and reckless which continues to fuel this overinflated market.

@lasvegasliving9237 2 месяца назад

@@thomaskim5008 So true!!

@thomaskim5008 2 месяца назад

@@lasvegasliving9237 My guess is they are former Californians who sold their homes in a bad neighborhood.

@davidaponte7521 2 месяца назад

A difference of 100 thousand dollars is still to little to late. Those buyers will regret that decision.

@lasvegasliving9237 2 месяца назад

Maybe in the short run but not likely in the long run.

@JohnSmith-ho3cu 2 месяца назад

Your example 5bd/4ba house on Bocopa was a former model home and seems pretty large and updated for $685K. The selling problem might have been the (only) 2 car garage and the location directly across from the community swimming pool/parking area and small park.

@lasvegasliving9237 2 месяца назад

Possibly but once again shows the sellers were far too aggressive on original list price.

@mymydelilah 2 месяца назад

Before realtors had a theme for the day..."HAPPY DEAL"....now it's a "DISTRESS DEAL"

@lasvegasliving9237 2 месяца назад

Maybe that should be the new McDonald's slogan. Happy Meal ---> Distress Deal.

@candeffect 2 месяца назад

I always rented because illiquid real estate in CA outpaced my income. I started investing in 401k/IRA liquid mutual funds in the 80s. Now my liquid assets produce average 3x my post-working pre-tax income on top of my ss and pension income. When you retire you will need money trees like mutual funds, not money drains like real estate. There are too many stories of retired people who had to sell because they didn't have money for a new roof and other large expenses, or had to move because they couldn't afford higher rent.

@lasvegasliving9237 2 месяца назад

Very smart on your part and also very true! Great job!👏

@WestCoastRoller Месяц назад

So true with the spending! Things will correct.

@InvestingWithAdamK 2 месяца назад

Saudi decided to not re-sign to keep oil a dollar traded commodity. This could lead to higher inflation over time. It will be a slow process but if it causes what I think you will see houses go up higher and become less and less affordable to those that don’t have assets and savings. It could get a lot harder than it already is.

@lasvegasliving9237 2 месяца назад

That's a scary thought!

@davidcontreras8158 2 месяца назад

Wages have goon up from 1979 by 5X and the cost of living has gone up by X99 in the same time period so by this if the economy is not set to working people soon, no one could afford to live in the USA in 8 years. At the pace above it would take 45 years before it costs more to work than you would get paid. Something will give.

@lasvegasliving9237 2 месяца назад

Wages are lagging far behind cost-of-living increases based on hyper inflation and corporate greed. This will not be able to keep up without facing serious economic consequences.

@randallbambrough3186 2 месяца назад

First regarding the person in CA, it sounds like both are affecting that individual, overspending and high cost of living. One recommendation, I often listen to your show while I'm driving. Can you list the price reduction in dollars and in percentage terms. Thank you.

@lasvegasliving9237 2 месяца назад

Regarding your first comment, that is very likely true. To your last point, I will try to do that going forward. Drive safe Randall and thanks for the support!🙏👍

@NineFourOneMedia 2 месяца назад

Did you even account for PMI in that estimated payment? At 10% down people are going to pay that junk fee, and it's probably $200 per month MORE.

@lasvegasliving9237 2 месяца назад

I didn't want to make people even more depressed.😔

@Trump-rv4nz 2 месяца назад

The MSM says who you going to believe, me or your own eyes

@guzmancharles7 2 месяца назад

That’s why we don’t watch Legacy MSM, they are in complicit with the Biden ADM and the Democrats.

@lasvegasliving9237 2 месяца назад

No kidding! So much that is not being addressed!

@user-sz6xs2xr9j 2 месяца назад

Thanks Jerry for video Teresa from Florida ❤

@lasvegasliving9237 2 месяца назад

Thanks for the continued support Teresa!🙏👍♥

@roww10 2 месяца назад

I live in Cali. He is way overspending. You don't need 300K to live comfortably in California. He is trying to impress as many do out here and he's burning through his money.

@lasvegasliving9237 2 месяца назад

Doubtful...business owners are taxed nearly 50% so his $300K is likely closer $150K.

@mrodd1234 2 месяца назад

Still way to high..... Wait people, wait patiently......

@lasvegasliving9237 2 месяца назад

Might be the smart play when it's all said and done.

@agoogleuser4410 2 месяца назад

We may not see a crash like 2008, but I believe there will be a gradual downward adjustment. How knows how much? Time will tell. We are already seeing a cool-off in Florida, and I believe it will spread. FOMO is never a good thing.

@lasvegasliving9237 2 месяца назад

I completely agree with you. I don't see another repeat of the 2008 crash but I do see a potential recession on the horizon. We'll see how it plays out.

@tombox2759 2 месяца назад

I will be moving to Henderson when rates hit 3% and they will or all USA banks fail on their US Treasury portfolio yielding 1% and their bonds are at 60 cents on the dollar. If they are forced to sell these paper losses and mark to market them, every bank in the USA large and small is insolvent. Example - today Bank of America has 160 billion dollars of unrealized losses on their books due to their US Treasury portfolio. Wait for rates to plummet. The rates must drop as soon as the FEDS reverse repo market goes to zero as that is the banks only excess liquidity for now. This amounts to about 430 billion or so left in the reverse repo market. I will be in touch with you later as my buyer agent. Your a cool dude and I trust you.

@lasvegasliving9237 2 месяца назад

I appreciate the support Tom but unfortunately I have to disagree with some of your comments about rates plummeting. I don't see that happening anytime soon and potentially for a long time to come. The super low rates is part of the reason why we got into such a mess in the first place. Lower rates would just mean more hyper inflation and people simply won't be able to afford anything at that point. We are living in very scary and unaffordable times because of the pandemic. Thanks again for the kind words and support!🙏👍

@tombox2759 2 месяца назад

@@lasvegasliving9237 Ok but remember this post.

@mariecameau097 2 месяца назад

Never buy a home in California, Florida, Texas,new York, Connecticut, DC overboard Price

@lasvegasliving9237 2 месяца назад

That's not possible for everyone.

@HooliTV 2 месяца назад

I work a government job and my classification is 2 steps away from highest paid and I'm not making no where near medium income. Nationally, im in Nevada

@lasvegasliving9237 2 месяца назад

Wow, that just goes to show you how the affordability crisis is completely out of hand at this point.

@HooliTV 2 месяца назад

@lasvegasliving9237 they're fighting giving us a cola this year. I'm like of all years they want to hold the bag. I think they know we are going into deep recession depression.

@guzzitwin 2 месяца назад

Good info, advice, and encouragement!

@lasvegasliving9237 2 месяца назад

Glad it was helpful!👍

@33yoal 2 месяца назад

I know it's Saturday 'cause my favorite realtor has a new vid to watch!

@lasvegasliving9237 2 месяца назад

Right on! Thanks for the continued support!🙏👍

@mrekin2146 2 месяца назад

The old Rule's of thumb are thrown out the window. Its's Madness!

@lasvegasliving9237 2 месяца назад

Total madness! Nothing makes sense anymore!

@RasiRobi 2 месяца назад

That person definitely overspending 😅 lots of toys RV boat cars luxury vacations

@lasvegasliving9237 2 месяца назад

He specifically says that he is not a big spender. I doubt he has those toys and vacations.

@jakeb8551 2 месяца назад

Typical family of 4 living in NYC. Between me and my wife, we make 300-320k which translates to around 16k a month after taxes and all other deductions. We do live a comfortable life and are able to own a home and max out our 401k but only because we got a 3.5% mortgage and we receive a lot of support for the kids from our families (grandmas and grandpas). We are debt free and own our car outright but it isnt a BMW. In today's market where rates are almost double what we have, even with the family around to help, I would be reluctant to buy a house with our income. It may sound crazy but a mortgage of 5k plus maintenance would simply eat 50% of our budget and cutting into our saving rate, kids college savings and bunch of other things. It is insane that even with 300k+ income, in states like NY, you are basically living a middle class life and nor much more. I guess we all need to become doctors or high end corporate lawyers to get ahead...

@TheIrvingsylva 2 месяца назад

Or start an “influencer” journey on socials explaining to everyone of your followers how you’re so successful at what you’re currently doing that you’ve decided to help other do the same by selling a “How to course”……😂

@lasvegasliving9237 2 месяца назад

Wow, thanks for sharing that info. It just goes to show you how much people need to earn just live comfortably in today's hyper inflated world. I appreciate you providing such detail Jake!🙏👍

@lasvegasliving9237 2 месяца назад

@@TheIrvingsylva Side hustles are always a potential option.😎

@RPNN 2 месяца назад

Half of Cali is moving to Nevada. Half of New York is trying to move to Florida right now. Blue state exodus.

@lasvegasliving9237 2 месяца назад

Crazy times!

@scottyflintstone 2 месяца назад

California was Republican until the early 90's. Now it's a disaster

@jfreedom4290 2 месяца назад

So is Nevada residents can’t afford to ever buy a home 🏡! They have to move out of state ! Who the f can afford 2900$ a month in Vegas !

@lasvegasliving9237 2 месяца назад

@@jfreedom4290 Many Las Vegas residents cannot afford that kind of payment based on their income. Most of this market is propped up by corporations, investors, foreign buyers and wealthy homeowners moving here from out of state.

@TheIrvingsylva 2 месяца назад

One thing left out in that compound inflation data…..portion sizes, which have gotten smaller for more = shrinkfaltion.

@lasvegasliving9237 2 месяца назад

Also very true! Shrinkflation is very real. More cost for less food = absurd!

@randyscott3386 2 месяца назад

You'r home won't make you rich . It makes your realtor and banker rich . All the house does is ties you down to where it's harder to move to where the next new jobs are . Leave the houses to the upperclasses . To the average people that work they're just a pain in the ass .

@lasvegasliving9237 2 месяца назад

Many people would agree with that while others would disagree.

@HoldenMcG 2 месяца назад

Great info Jerry. In the pricing examples you shared, I noticed the price per Sq.-Ft. is fairly wide. The new construction prices ranged from $234 --> $294, the 'sold' resale were $166 --> $461. I know that there a lot of variables that end up impacting sale/sold price, but I'm curious to know if there is a Sq.-Ft. pricing 'sweet spot' that helps to move the sale --> sold?

@lasvegasliving9237 2 месяца назад

It really depends on location, age of home and ultimately buyer demand to determine that sweet spot. It can vary greatly depending on those factors.

@HoldenMcG 2 месяца назад

@@lasvegasliving9237 Thanks for the reply. I figured there are far too many other variables to make a general Sq.-Ft. price assumption, no matter how one tries to slice it.

@lasvegasliving9237 2 месяца назад

@@HoldenMcG It's always hard to gauge true value in today's crazy overinflated market.

@mikevuk8973 2 месяца назад

Average home prices 450k crazy

@lasvegasliving9237 2 месяца назад

$470K in Las Vegas now. Very crazy!

@scottyflintstone 2 месяца назад

08:42 hey you are shaking it up a bit! Good for you!

@lasvegasliving9237 2 месяца назад

Thanks so much!🙏👍

@cranebrain2 2 месяца назад

The math ain't mathing

@lasvegasliving9237 2 месяца назад

For sure!

@clt72pilot 2 месяца назад

Looks like they bought the last house for about $450k, listed it for $1mil and settled for $775k? Not a bad little gain

@lasvegasliving9237 2 месяца назад

Not a bad profit at all.

@TheThreadofLifeInc 2 месяца назад

The reality is that Vegas, phoenix and Austin were retirement markets until just recently. My houses in the PNW have always been worth double than those areas until about 4 years ago. The commerce doesn’t support the prices. The entire state of Florida is the same.

@lasvegasliving9237 2 месяца назад

True but many people buying homes in the Las Vegas area are wealthy homeowners, investors, corporations, and foreign buyers who can easily purchase and have kept the market propped up.

@sherirottweilersforever7772 2 месяца назад

You couldn’t pay me to eat McDonald’s!

@workwithearl 2 месяца назад

Umm, I'm eating a breakfast sandwich right now.😂 just paid $26 for 2 breakfast combos. I had to ask if that was correct. 😅

@zlin902 2 месяца назад

I agree with you, McDonald’s food is very toxic, all GMO, I would get sick if I ate it.

@scottyflintstone 2 месяца назад

You wouldn't eat chicken nuggets for $20?

@koldwater6053 2 месяца назад

You could pay to eat @McD’s but I’m really cheap.

@robertlopez9347 2 месяца назад

Hopefully Americans will stop eating fast food. It's cheap to cook good quality food at home...

@mrchad97z49 2 месяца назад

I have not been to mcdonalds in a long time. I used to eat only the Double Hamburger and small fry. Sometimes I would get the mcchicken for the spicy aspect. I am curious what th new price is! Also sometimes I would get the Egg Burrito without the fake cheese. I had a hard time getting them to make a burrito without that horrible cheese on it. The reason why is because they make egg burritos the night before, and put them in the refrigerator overnight.. then when you order them the next day, they MICROWAVE IT... I saw them do it over and over when I visited there at my last job. So they dont like preparing a burrito on the spot. haha On that note, Eggs are really good the next day. They hardly ever dry out... *cough

@lasvegasliving9237 2 месяца назад

Hard to believe so many people eat there on a daily basis.🤦🏻‍♂

@rockinthedadlife2244 2 месяца назад

I don’t understand how people can continue to uphold this economy. We are collectively overspending. Where is the money coming from???

@lasvegasliving9237 2 месяца назад

I ask myself that question every day. The recklessness of everyday buyers continues to prop up this over inflated economy. People seem to just have thrown caution to the wind ever since the pandemic ended.

@nitemoves3157 2 месяца назад

We printed , call it, 7 trillion, 10x that in the banking system. That was just in 2020 too.

@jock699 2 месяца назад

@@nitemoves3157 Yep--no balanced budget for the last 30 years. People should have been outraged 5 years ago.

@randychase305 2 месяца назад

@@jock699 Why are you fixated on exactly 5 years ago?

@lasvegasliving9237 2 месяца назад

@@nitemoves3157 The knee-jerk reaction from the pandemic to do such extraordinary money printing ruined the lives of millions of people. It's all hindsight but possibly one of the worst monetary policy decisions ever.

@darthlaurel 2 месяца назад

I think if you factor in where he lives, wages, business taxes, business real estate taxes, personal taxes, residential taxes, income tax both state and national, local taxes on goods and services, and maybe an HOA "tax" in his neighborhood, he's probably trying to live within his income.

@lasvegasliving9237 2 месяца назад

I think that as well based on all of the normal expenses that you mentioned.

@ConstitutionCurt 2 месяца назад

$775k for a 2nd/2bth 1697sqft house in Vegas? Thats CA pricing. The buyers are going to get crushed. It’ll be a painful lesson in real estate.

@lasvegasliving9237 2 месяца назад

Maybe so but Las Vegas is starting to become a lot like California. Crazy times!

@ConstitutionCurt 2 месяца назад

@@lasvegasliving9237 I’m sorry for that. 😆

@ConstitutionCurt 2 месяца назад

@@lasvegasliving9237 we were going to buy in Tresor in Henderson until they raised their prices 30% one day. That neighborhood has huge power lines in front of it. I’ll stay in AZ.

@lasvegasliving9237 2 месяца назад

@@ConstitutionCurt Me too!

@lasvegasliving9237 2 месяца назад

@@ConstitutionCurt Smart move. Builders are greedier than ever while using a smoke and mirrors act with incentives.

@rogerpatterson7106 2 месяца назад

It's only the beginning

@lasvegasliving9237 2 месяца назад

I agree.

@mamawren2795 2 месяца назад

Would never live in Vegas but thank you for the info

@lasvegasliving9237 2 месяца назад

My pleasure. Thanks so much for watching, commenting and the support!🙏👍

@tsuipingho8946 2 месяца назад

"Far too aggressive '' = "Far too greedy"😂

@lasvegasliving9237 2 месяца назад

Definitely!

@RealLifeFinance 2 месяца назад

I don't think people know how much taxes are for self employed or small business owners. I had a small business (Gross Sales over a $1 million) with 6 employees and it gross profited (after payroll, leases and vehicle expenses) $250k a year - After - ESD, L&I, UE, SSI, Local B&O, State B&O - Left me with $180k - I was single parent and my Federal taxes were around $50k - Leaving me with only $130k. Not Enough to raise a family of 3 on anymore. UNREAL.

@lasvegasliving9237 2 месяца назад

Thanks for sharing that. A lot of people (most don't own businesses) don't realize the additional costs/expenses as a business owner.

@dekaywill4572 2 месяца назад

I am writing a 300 recipe book using Ramen Noodle. It's gonna open up #1 on the non fiction NYT best seller list.

@lasvegasliving9237 2 месяца назад

Lol...hope it's a best seller!

@glennsullivan1970 2 месяца назад

Great stuff!!… I would love to see you and your insight here in CT .. Totally insanity and where the money is coming from!! Unreal!!

@lasvegasliving9237 2 месяца назад

It's pretty much happening everywhere. I really believe much of it is debt at this point because most people simply don't have the income or the funds to keep living like this. Thanks for the support Glenn!🙏👍

@BoulderCityBlues 2 месяца назад

Please do a video on the insane utility costs of living in Las Vegas . People just sign a mortgage and think that’s the payment monthly , then go into shock when they see their electricity bill , gas bill if they have it and water bill ..Then you throw in property tax an HOA fee (God Forbid ) and now you’re paying a small fortune on top of the ridiculous mortgage rate .

@lasvegasliving9237 2 месяца назад

Utility costs here in Las Vegas have also gotten outrageous. Everything associated with homeownership is very expensive nowadays. Sad.

@jock699 2 месяца назад

Glad to be in Ohio lol. Natural gas down 20% this year, electricity down 15% this year. Just got my car insurance renewal--you guessed it--down 5% over last policy. Home insurance same as last year. Taxes capped no increase for 3 years. And no HOA thank god!

@lasvegasliving9237 2 месяца назад

@@jock699 We should all move to Ohio!😎

@bigb6046 2 месяца назад

Those Mcdonald's price increases since just 2019 are shocking!

@lasvegasliving9237 2 месяца назад

Beyond shocking!

@6ftfox 2 месяца назад

Made an avg 8000 a month after taxes took home a little over 3800 after Uncle Sam bought a home here in Vegas 2020 feb right before plandemic husband made 11 000 a month after taxes took home roughly 6000 both our lease came due here 2024 bought 2 new cars with payments totaling 3193 between our mortgage which is at 1-79% and our two car payments our kids school payment and nanny care we don’t have a dollar left over the only reason we haven’t left Vegas we have over million dollars in equity and sic a low rate we couldn’t do it again

@lasvegasliving9237 2 месяца назад

Wow. Thanks for sharing that info. Very enlightening.

@John_GGG 2 месяца назад

I briefly worked for a home builder in Arizona years ago. The builder was from California. They brought their California prices with them. Boy did they overpay. There is better information now, but are people using all the information?

@lasvegasliving9237 2 месяца назад

Sadly, many buyers are foolish and reckless and do not think of the consequences or operate with full knowledge.

@johnmaurer2035 2 месяца назад

If you're not on $250,000 per year, then you won't get a look in. 😮

@lasvegasliving9237 2 месяца назад

Most people are nowhere near that $250K number.

@jimmyamico4713 2 месяца назад

Very good video, Jerry…. Helpful and informative as always.🇺🇸❤️🇮🇹🤍⭐️💙🙏💚

@lasvegasliving9237 2 месяца назад

Thanks so much for the continued support Jimmy!🙏👍

@scottyflintstone 2 месяца назад

I understand Mexico real estate is seeing big price increases too

@lasvegasliving9237 2 месяца назад

@@scottyflintstone Global real estate prices have exploded. This is a worldwide problem.

@stephenbrown6041 2 месяца назад

The inflation numbers are incorrect intentionally… When the government quotes CPI for inflation they refer to core inflation which EXCLUDES food & energy because they are deemed too volatile. So we have an incorrect measure intentionally, back in the 1980s when they measured inflation CPI they also included food & energy & home prices that was called headline inflation a more accurate measure.Why average people can’t keep up today if inflation was measured same methodology as was in the 80s CPI would be reported 2X-3X todays false CPI numbers.Government doesn’t want that everything I’ve said above is true…still no revolution sad 😢 “Americans are frogs in a pot water starting to boil”INFLATION.

@lasvegasliving9237 2 месяца назад

Agreed and good info Stephen! Thanks for your input.

@jock699 2 месяца назад

Guess the numbers from 5 years ago were terrible then--measured the same way!

@randychase305 2 месяца назад

@@jock699 The numbers five years ago were measured diferently than the 1980s as well. But the were measured the same way as they are today and they way certainly better than today's numbers.

@lasvegasliving9237 2 месяца назад

@@randychase305 True.