Las Vegas housing market showing signs of adjustment

Поделиться
HTML-код
  • Опубликовано: 30 окт 2024

Комментарии • 68

  • @uvawien
    @uvawien 2 года назад +47

    Sales are going down because nobody can afford housing.

  • @kerryoaki8681
    @kerryoaki8681 2 года назад +15

    "I plan to spend 90% of it and have fun with my wonderful life". Words of wisdom for sure. A man that knows that life is short and tomorrow is never promised. We can all learn from that statement.

  • @TRIPLEDIGITS
    @TRIPLEDIGITS 2 года назад +11

    Year or year and a half? NO SIR! Try by the end of this year. 8%-10% by December

    • @jglee6721
      @jglee6721 2 года назад +2

      lol. I thought that was funny too that he knows how long it would take interest rates to rise.

  • @vunglendietcong3149
    @vunglendietcong3149 2 года назад +15

    The market's already going south. Buyers that are buying homes at the top of the market mostly will lose their homes. History always repeats by itself.

  • @actorsinsider9967
    @actorsinsider9967 2 года назад +28

    Centennial Hills???
    That house's real value is $250,000 🙄

    • @anonobot3333
      @anonobot3333 2 года назад +5

      Wow ur watching people get priced out.

    • @neverdown222
      @neverdown222 2 года назад +5

      It would cost more than $250,000 to rebuild that house in todays market. Would you build me a house like that for $250,000 including materials? Let me know I would hire you or your company on the spot!

    • @anonobot3333
      @anonobot3333 2 года назад

      @@neverdown222 the materials and labor cost might be the thing that gets u.
      Sure, you could probably make a house out of concrete for 80k, but then you've got windows, electrical code, foundation requirements, inside, plumbing, fixtures, etc.
      I recently built a 3 story house in Philippines and it still costed 55k to finish. that's about as cheap as you can get.
      now just multiply labor cost by 3x and materials by 20% that's a bid of 170,000 to build a house. and no land!

    • @kerryoaki8681
      @kerryoaki8681 2 года назад +3

      Was "$250k" decades ago. Its 2022 girlfriend.

    • @jglee6721
      @jglee6721 2 года назад +4

      lol. Where can you get a 4/3 for 250K?

  • @johnnygavin3654
    @johnnygavin3654 2 года назад +18

    9% interest coming? The shit is going to really hit the fan then. Hold tight.

    • @theusualsuspect6298
      @theusualsuspect6298 2 года назад +4

      My first mortgage in the mid-80’s was 12.6% interest, that was considered a great rate. I have seen interest rates as high as 17%. People are used to cheap money, 9% is nothing.

    • @davidjewett112
      @davidjewett112 2 года назад

      I'm waiting to buy from the fomo fools.

    • @johnnygavin3654
      @johnnygavin3654 2 года назад

      @@theusualsuspect6298 I hear ya but it's still going to be a bitch for many.

    • @spg5658
      @spg5658 2 года назад

      @Carol But at 9% the home mortgage payment goes up not down. Do how will higher rates make anything affordable?

  • @alfonsoflores3770
    @alfonsoflores3770 2 года назад +8

    The bubble has already popped, it just takes 1year for everyone to fill it

  • @Dudevegaslv
    @Dudevegaslv 2 года назад +13

    Recession is coming and ready for all the foreclosures!

  • @chuckh4077
    @chuckh4077 2 года назад +11

    Why move there? Water will run out in a few years. 😆

    • @chuckh4077
      @chuckh4077 2 года назад

      @702LasVegasTech wish they would tell the public.

  • @jayman9999
    @jayman9999 2 года назад +1

    Come on,,,, much lower prices would be great.

  • @davidjewett112
    @davidjewett112 2 года назад +3

    Could never understand an old person's need for a large house. No kids and maintenance has to be huge.

    • @jglee6721
      @jglee6721 2 года назад

      They may want to have visitors staying with them. It's more convenient than sending them to hotels.

    • @bamahi7142
      @bamahi7142 2 года назад +1

      When I retire, I'm selling everything and moving to the Philippines.

    • @davidjewett112
      @davidjewett112 2 года назад

      @@bamahi7142
      My girlfriend is filipina. She said I could live in the Philippines and have a difficult time spending more than $500-600 a month. Housing, food, a maid, all that! Tempting!!

    • @bamahi7142
      @bamahi7142 2 года назад

      @@davidjewett112 My wife is from the Philippines. It's a different world out there. Can't expect the same things there that you're used to here in the states. A minimalist lifestyle is the key to successfully living in the Philippines. A realistic number is more closer to $1,200-$1,500 for a comfortable life.

    • @KingTriton1837
      @KingTriton1837 2 года назад

      That isn't mutually exclusive. Owning a house isn't hard work for every senior citizen.

  • @stevenbarron4737
    @stevenbarron4737 2 года назад +6

    Why dont you move to Siegel suites its a steal lol

    • @rickdick7606
      @rickdick7606 2 года назад

      Such luxury accommodations ! ...........i can`t wait for the bedbugs ...........and da hookers !

    • @mrrightorwrong6272
      @mrrightorwrong6272 2 года назад

      🤣😂

  • @andretigiovaneti7587
    @andretigiovaneti7587 2 года назад +4

    Keep on buying over priced homes. Regret will come knocking at your door.

  • @SIGNALFREQ
    @SIGNALFREQ 2 года назад +2

    Damn!!!! 9%😭 interest rates

  • @reempire888
    @reempire888 2 года назад +2

    Honestly, who wants to live in a desert? over 110 degree for months and the abundance of land won't make your house worth more, it's all driven. Now they have a water shortage.

    • @jrnumex9286
      @jrnumex9286 2 года назад

      who, millions counting all desert termed cites phoenix to cali. i like the open views and hiking. it's all driven, whats that mean? water shortage, they'll find it, pump it desalinate it what ever it takes i'm sure.

    • @Ryan-ds2wx
      @Ryan-ds2wx 2 года назад

      @@jrnumex9286 You're clueless. What's going to happen, is the water will run out. Seen Lake Mead lately? You honestly believe they're going to desalinate water and pump it in hundreds of miles away for free? What's going to happen, is they will force people to move out by implementing astronomical water bills in Vegas. And, your water usage won't be shit. No grass, no bushes, no trees, and definitely no swimming pools.

    • @reempire888
      @reempire888 2 года назад

      @702LasVegasTech hmm...you do realize there are other states with no income tax right? And trust me, Cali would be last on my list even though I live here still. I'm looking to get out of this hell hole but in absolute no hurry. We are doing well triple of what you make with practically no mortgages. I am looking for lush green environment, abundance of water, acres of land, and conservative policies. And no, desert is not my thing. Most people moved there because it's cheap.

    • @RogerLoera
      @RogerLoera 2 года назад

      Relax, it's only 4 months out of the year that's blazing hot.

  • @davidjewett112
    @davidjewett112 2 года назад

    How smart can you be to buy now?

  • @mrrightorwrong6272
    @mrrightorwrong6272 2 года назад +2

    Seems to be alot of confusion, Sales slowing down because there is no inventory 😑

    • @spg5658
      @spg5658 2 года назад

      Exactly, and that makes prices rise.

  • @ipenguin3918
    @ipenguin3918 2 года назад +1

    Vegas will once again be Top of the Charts in the US housing market crash.
    Buckle Up!

  • @politicrackedpodcast9868
    @politicrackedpodcast9868 2 года назад +1

    Only takes one person to buy a home.

  • @Dc-sl3up
    @Dc-sl3up 2 года назад

    Just ban foreclosures like they did in 2020 to 2022. No inventory and no foreclosure.

  • @johnRpico
    @johnRpico 2 года назад

    Oo, wow!

  • @whatever5922
    @whatever5922 2 года назад +1

    Abel is so handsome

  • @wallysparks7735
    @wallysparks7735 2 года назад

    The Golden Nugget is waiting for the proceeds!

  • @musk-eteer9898
    @musk-eteer9898 2 года назад +1

    sell your house and move, lake mead is drying out and vegas will be a ghost town like salton sea

  • @sonialamere
    @sonialamere 2 года назад

    You ahould investigate home owners who amend leases illegally and does an AS IS LEASE WHICH MEANS NO MATTER HOW LONG LAST TENAT LIVED THERE OWNER WONT DO PAINT OR CAPRWT OR CLEAN IT. I KNOW WE LIVE IN ONE. AND CHARGED 2800 A MONTH. ONLY THE POOL IS PLUS WHY WE LIVE HERE SAD NOW OWNER IS IN IRAN ANS CANT COME BACK AND MANGEMENT RECUSES TO DO WORK NOR THEY RECWIVED ALL MONEY WE GAVE SO IN END I AM A DIAABLED BEYERAN AND MY OWNER SROLE AND TOOK AND ADVANTAGE OF ME AND MY FAMY

  • @erich84502b
    @erich84502b 2 года назад

    Uh oh, Pahrump will drop faster