Відео

If you bought before things went crazy and have a low rate mortgage, why would you sell unless you have no choice?

too little supply, too much demand, and constant increase in population far greater than housing supply. there's a reason smart investors keep buying here in Vegas while UA-cam doomers miss massive appreciation. i love content promoting Vegas as being in a bubble. way less competition for me.

People realizing that moving to Nevada or Arizona is really not cost-effective.

Im a vegas local, the housing prices have been ultra inflated by Californians fleeing California prices. While I understand why they left, but they have priced out locals and the next generation of Vegas locals. The pay here is low, almost comically low. City/county employees for technician positions cannot afford to buy and live in a section of town where your vehicle isnt broken in to once a month.

you're always wrong

you're always wrong

Tampa is definitely getting a price correction as we speak due to interest rates. But I don’t see them dropping. Over the next two years rates are expected to drop slowly and that’s going to motivate buyers again.

Housing is just as rigged against the home buyer as a casino in Vegas is.

Mortgage companies want ONLY ONE THING...YOUR MONEY They don't care if you can pay off the mortgage...they want you to pay them!!! If you succeed, they get almost 2× the value,due to interest. If you fail..they get all your payments, and your house, when they foreclosure on you. Then the resell at market value & make even more money.

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I live in Houston born and raised and studied here I have been hearing this about Vegas the last 15 years yet every thing is still expensive and overpriced I have yet to see price drops in both markets all garbage

Blame insurance companies.

Nobody's paying their rent right now because no one can afford it. How do I know because they haven't evi cted me yet😂

3,000 a month for hundred years equals 300,000 dollars. The average house right now sells for over 400,000😂 zero logic. Bag holders. These houses that they're building don't even last 50 years😂 25 years robots will be building the houses for practically nothing. Bag holders.

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

Do Arizona next please.

When already over inflated prices falling to what they should be is similar to a retail item marked up by 30% but is on sale for 10% off!

As someone who works in construction, I have a lot of trouble believing that the builders have been leaving money on the table by not building at a pace commensurate with demand. Usually they'll take whatever is on the table, and the table too. Something doesn't really add up.

Could you do Reno nv please, houses are being built left and right

Sellers are also lowering their prices too 😂

I’ve been an appraiser in LV for nearly 40 years - seen it all. Your analysis is good but there’s one potential event that could cause huge supply and a market decline - institutional investors/Wall Street funds deciding or being forced to liquidate. They’ve been buying LV homes in blocks of thousands for 13 years and are one reason rents are so high. Funds are cash buyers, and first time or middle income buyers can’t compete. If Washington wakes up and causes a liquidation, watch out.

More investor propaganda, won't be long investing in housing will be limited

Vegas still has people moving here, especially from California … back in 2008, nobody was moving here. I don’t see anything crazy happening here this time around.

Difference between 2006 bubble and now is that now we have high inflationwhich will actually go even higher after we recover from the recession which is just now beginning. Inflation will keep home prices high.

Low inventory = price stability or increase. There are not enough available homes to see a significant crash in Vegas. Further, a 50% crash would still have homes in many areas priced above where they were pre-pandemic.

No manufactureing no agriculture how can people pay those huge prices on hospitality salarys?

Lol, then 14% unemployment enters the chat due to literally the only time in history where cost of living expenses rose 45% in a 3-year period.

Many areas of Las Vegas have a new rent control 5% annual increase limit. In other news the Federal government is running a trillion dollar deficit every 100 days and printing money by the barge load. This will squeeze out the mom-and-pop landlords and leave the mega-corporations that own politicians.

Yes, collapses of the America that was once, and never will be again.

This is an excellent analysis.

You pretty much said the complete opposite of your title and image. Lol

Interest rates above 5% should result in NO ONE buying a house. Anywhere. The force in a market that drives prices down is NOT competition. It is solely the buyer’s power to NOT PURCHASE. Only when cars STOP selling do dealers lower prices. This is why services or products that the consumer HAS to buy NEED to be provided at no profit. Water, Electricity and other staples. Because when the consumer HAS to buy it, the result of competition is never lower prices, it is collusion in price fixing and price hikes. Inflation adjusted wages in the US have not risen in FORTY YEARS. Thanks to trickle down voodoo economics and the GOP war on unions. And the cost on things we DON’T need have fallen as we moved manufacturing to cheaper and cheaper labor sources overseas. TVs, microwaves, furniture etc are all cheaper than ever. But the things we HAVE to buy; housing, transportation, internet access, water, electricity, have tripled in cost relative to wages. When I was in high school they told everyone you should not spend more than 25% of your take home pay on rent or mortgage. Today, people are spending 70% and more on rent or mortgage. Stop whining about the few hundred your government takes in taxes each month and start whining about the ten to twenty thousand dollars your employers are not paying you for ever increasing productivity, while the executive suite enjoys a 300% increase in real income. Elon musk is demanding a pay package equal to the cost of the ENTIRE payroll for Tesla’s worldwide operations. That’s HALF the money the company makes going to INE GUY. And all the billionaires out there are living up in support because they want to normalize their kleptocratic vision of their own importance.

Buffet is acting the way he is acting because his company is so huge. So it must be a massive purchase OR no purchase at all. Dont make a reading of future markets based on this reality.

If you watch this video, he is saying there will be no crash in Las Vegas. Low inventory and also hedge funds, corporations and private equity funds are buying up a lot of the homes in the greater Las Vegas area. Therefore, I don`t see any crash happening.

Airbnb owners are about to get the rudest awakening

We are setting up for a major crash that are going to lock in a lot of real estate investors, and they will have no way to get out. Real estate investors will become bag holders and will have to wait almost 2 decades to get back to balck

I did.

The grass is rarely greener on the other side for long. The cycle repeats and repeats. Did anyone learn anything?

This whole debt Ponzi scheme starts at the top. If the USA (and other nations) ever have to end multi trillion deficits and live within their means, the whole house of cards comes down big time.

Is Las Vegas really on the verge of a real estate crash? I haven`t seen any evidence of that.

It's all-over social media; no one is going to lock in with a buyer’s agent. You go directly to the Seller, hire a lawyer for $1500.00 and done. Realtors will tell you that lawyers don't do comps for you and contracts. That's true, they won't do comps (they do the contract though). In closing, I have purchased so many properties/homes throughout the years and not once has a "comp" lowered the price of a home. Bottom line up front: You don't need a seller or buyer’s agent. You can pay a realtor company/firm/brokerage online or in person to list your home on MLS. Lawyers can do the contract. It's a straight up fee. The days are gone giving up 3-6% of the home price going to someone who opened a door and did a few fill in the blanks document. The more that hop onboard doing this, the better our home and buying process will be. Personally, I blame real estate agents for the mess we are in now. They refuse to lower prices where properties were over inflated from Covid and 3% interest rates. Look at the price history line on Zillow and see how much someone purchased the house for and look at what the listing agents are selling the home for or rather convincing their sellers unrealistic price points. It's crazy over inflated and they are giving false hope to sellers. That's why your home is sitting on the market for months. It's going to get worse as more and more homes come on the market. It's already happening in Florida and Texas and it's only a matter of time before it hits your small community as well. Realtors will argue, we didn’t do this... customers decide on what they are willing to pay and decide the market. Do you honestly believe this rhetoric from someone that makes a living on getting paid from the value of your home? Think about it. Do NOT buy now. Wait. Just wait and you will thank yourself later.

Thumb down for click bait

Same arguments in 2006. It takes time for all these things to occur. It's already happening. Foreclosures are up and unemployment is increasing. In 12 months your videos will be much different.

still dont see it in Summerlin... but please go on.

What this video does not say is that Florida is populated by pensioners who come in from the outside. Their revenue is very low since they often live off their savings. Hence why state income tax is zero but real estate taxes are extremely high. The state will get its due no matter what your situation.

...and we will blame the next president.

Prices in Vegas will likely crash 90% shortly. I cannot believe anyone was paying the recent bubble mania prices. I was nearly ruined in the last Vegas crash. I know this market all too well.

Climate change means the summer temperatures will exceed human survivability in Nevada.

The 189 billion $ is 17.5% of Berkshire AUM, which is not far of from historic average of 13% for them. Roughly 30 billion$ is reserves for potential insurance payouts.

Ghost Inventory here in the tens of thousands since 2008. 😏 All manipulated inventory shortage.