Las Vegas Homes For Sale

Las Vegas Homes For Sale - Dirty Pigs!

Рет қаралды 35,969

25 күн бұрын

Las Vegas Homes For Sale - Dirty Pigs! The overall lack of affordability in the economy and real estate market is increasingly alarming, driven by extreme corporate greed and reckless spending by the majority of the people. Popular cities like Las Vegas are especially affected as the total amount of Las Vegas homes for sale remains at low levels. There are currently just over 3,000 total Las Vegas homes for sale with the median price now at $469,000, up from $425,000 at this time last year. The US real estate market and specifically the Las Vegas real estate market and the dwindling supply of Las Vegas homes for sale have been massively affected by large corporate investors buying thousands of homes and thus restricting overall housing inventory causing prices to skyrocket. Investors and home builders have taken full advantage of this acting like greedy pigs by significantly overpricing their homes for sale on popular real estate websites like Zillow. This has led to a surge in prices across the country and especially Las Vegas homes for sale, making it difficult for average buyers to enter the market. This situation is exacerbated by the fact that wages have not kept up with extreme inflation over the last few years. Las Vegas homes for sale, which once represented a viable investment for many, are now emblematic of the broader economic challenges facing the nation. As Las Vegas homes for sale continue to skyrocket in price. the reality of owning a home in this popular city becomes more distant. However, as interest remains high and the job market weakens, housing inventory across the country including the limited supply of Las Vegas homes for sale are now starting to increase. This is a potential sign of economic trouble ahead which would ultimately slow consumer demand, especially in the real estate market, and certainly in popular cities like Las Vegas while increasing the total amount of Las Vegas homes for sale. We could potentially see lower home prices after the election as we head into 2025 so being patient in the home buying process could prove to be a wise decision, especially if you're thinking of buying any of the current Las Vegas homes for sale.
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Пікірлер: 618

@lasvegasliving9237 23 күн бұрын

The overall lack of affordability in the economy and real estate market is a serious issue, driven by extreme corporate greed and reckless spending by many people. Popular cities like Las Vegas are significantly affected. Investors, home builders, and sellers, acting like greedy pigs, are overpricing their homes on popular real estate platforms like Zillow. This has led to a dramatic increase in the cost of Las Vegas homes for sale, making it difficult for average buyers to afford them. The gap between wages and home prices continues to widen, exacerbating the problem. As a result, Las Vegas homes for sale, once attainable for many, are now out of reach, reflecting broader economic challenges. 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. Invest in blue-chip art for the very first time by signing up for Masterworks: www.masterworks.art/lasvegasliving Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: www.masterworks.com/cd Jerry Abbott - REALTOR Summit Properties Call/Text: 702-550-9658 Email: jerry@jerryabbottrealty.com Website: jerryabbottrealty.com

@jarliarnga5128 22 күн бұрын

Maybe I should just keep renting and invest in Fine Art as you suggest

@tobyk5149 22 күн бұрын

Thank you for spreading the LV housing market facts Jerry. Clearly, you are one of the few RE agents who cares more about people than about short-term profits.

@lasvegasliving9237 22 күн бұрын

@@tobyk5149 I appreciate that comment Toby!🙏👍

@ripvanrevs 22 күн бұрын

@@lasvegasliving9237 If people don't spend recklessly, corporations can't be greedy. I thought this vid was going to be about how filthy people leave their rental property when they move out!

@lasvegasliving9237 22 күн бұрын

@@ripvanrevs I only wish people would stop spending recklessly because that would definitely put a dent in these corporations, and potentially see lower prices. Unfortunately, that is not likely to happen anytime soon.

@ASAPSodie 23 күн бұрын

This video needs to go viral! So many people really have no idea the extent of this madness! It's disgusting.

@lasvegasliving9237 23 күн бұрын

It's complete madness! Let's so hope so!🙏👍

@timedj9164 23 күн бұрын

Congress can end this by putting a 100% tax on homes owned by corporate entities. Give them a 6 months to sell their inventory without penalty and watch how fast home prices drop!

@baldisaerodynamic9692 23 күн бұрын

i honestly hate to say i agree with you. i agree with your point all day, i have issues with government taxing people. but this has become damaging to the working man that is beyond repair at this point and measures must be taken.

@judd_s5643 23 күн бұрын

Let's just go full on communism. Everyone will have a place to live!

@lasvegasliving9237 23 күн бұрын

That would be ideal but unfortunately the power these corporations wield over politicians is stunning. It is unlikely we will see these much needed laws instituted anytime soon, if ever.

@lasvegasliving9237 23 күн бұрын

@@baldisaerodynamic9692 Completely agree but unlikely to see measures taken in such a corrupt system.

@rathelmmc3194 23 күн бұрын

If you want it to actually have an effect you have to have a huge tax on anyone owning SFH to rent. Corporate entities would find a way around the mousetrap.

@plektosgaming 23 күн бұрын

The #1 thing - absolutely do NOT rent a home from one of these corporate landlords. Let them pound sand and lose money on every rental. Even if you have to live in an apartment, do not rent from these scumbags if you care at all about having a Vegas to live in in the future. Note - the number of corporate owned homes here is among the highest, hence the insanity.

@Papolucho702 23 күн бұрын

I noticed that while searching for a condo to rent. They infected apartment/condos too. I also noticed more private owners using property management companies is, which there are many and few actually do anything.

@plektosgaming 23 күн бұрын

@@Papolucho702 Private owners and management companies are fine as they aren't the issue. It's corporate investors and not some single person who has a home for rent and uses an agent.

@lasvegasliving9237 23 күн бұрын

Unfortunately, many people do not have a choice and are renting more and more from corporate landlords. Sad.🤷‍♂

@lasvegasliving9237 23 күн бұрын

@@Papolucho702 Corporate ownership is unfortunately the plague of the real estate industry.

@lasvegasliving9237 23 күн бұрын

@@plektosgaming Agreed.

@mikeshafer 23 күн бұрын

When I was in my teens, the idea of making "six figures" meant you were rich. Back then, anyone who lived in a house worth $1M was rich. Nowadays, you literally cannot buy a condemned shack in Santa Monica for under $2 million. I don't know how a college graduate making $80,000 under $200,000 of debt will ever be able to afford a nice home anytime soon.

@polskigirl8547 23 күн бұрын

Their priorities are keeping up with the jone’s and living beyond their means…

@sethtate2079 23 күн бұрын

For sure!! If you had told me what my household makes 20 years ago. I would think I was sitting on a large house on 50 acres.

@lasvegasliving9237 23 күн бұрын

So true Mike! Thanks for watching and commenting!🙏👍

@lasvegasliving9237 23 күн бұрын

@@polskigirl8547 That's also true which has significantly contributed to such inflated prices.

@lasvegasliving9237 23 күн бұрын

@@sethtate2079 No kidding! Shows you how much the dollar has devalued.

@plektosgaming 23 күн бұрын

I would like to add that that "home" you showed that was built by Lennar is like the rest of their junk. Very very poor quality, cheapest possible materials, numerous corners cut, TINY lots, and when something does need repairing under the incredibly short warranty, it is done by a crew of people who are basically local day laborers and handymen - not actual contractors. Asking $500K for that piece of junk is indeed mind-boggling. When I say to just build yourself, I mean it. Nothing being built currently is designed to last even 30 years. Everything inside in terms of finishing is the cheapest options possible from Lowes and Home Depot, and every possible dime has been squeezed to maximize the company's bottom line. If they could get away with one less outlet or one less light, they absolutely have. That fancy presentation is literally skin deep, and I don't know of anyone who hasn't had multiple problems that needed fixing.

@lasvegasliving9237 23 күн бұрын

Thanks for that insight. Unfortunately, you're right in many instances regarding the quality of homebuilding in today's world compared to yesteryear. It's always about greed and maximizing every dollar today. Very unfortunate.

@coastalhillbilly3419 23 күн бұрын

What year(s) are the best built houses?

@plektosgaming 23 күн бұрын

@@coastalhillbilly3419 Anything before about 1990 or so. Before then, it was almost all self-built in Vegas, or you hired an architect. Those old cinder block homes near downtown might look small and cheap, but they are still standing. Almost all of the older wood framed homes before 1980 are as well, though many are admittedly in need of some restoration.

@ripvanrevs 22 күн бұрын

@@coastalhillbilly3419 Early 1900s. I have remodeled old houses for over 30 years. Those built over 100 years ago are much more solid.

@robertparkphotography2451 22 күн бұрын

I look at the eaves and can spot crap building standards from the street. Those Lennar and American west homes that cut corners are simply time bombs of issues. The Eaves on those homes are painted wood with blocking between rafters. Dry-rot starts fast on those. Homes from good builders have fully finished eaves which are either vinyl or stucco. Most are now 2 and 3 floor with entry on the second floor via stairs that would typically be concrete but are wood that starts to fall apart in the dry heat. I have friends in some of those homes and i see the issues. Unfortunately there are tons of that grade home here that have ridiculous asking prices on tiny lots and most people know nothing about build quality. Sad sad sad.

@TheIrvingsylva 23 күн бұрын

Seeing that Lennar value makes me have ZERO empathy for any builder…That valuation is nothing more than GREED!

@lasvegasliving9237 23 күн бұрын

100%! It's quite sickening and yet buyers continue to buy!🤦🏻‍♂

@vee985 23 күн бұрын

Wages don't reflect home prices. Something gotta give.

@EmLeeD 23 күн бұрын

My husband and I both make over $100k a year and we are priced out for what we are willing to pay for these ridiculous prices in Las Vegas. We only have one car payment which is our only debt and owe $9k on that one. We are stacking cash to buy when things settle down.

@judd_s5643 23 күн бұрын

that's the way to do it! Gold is the money of Kings Silver is the money of Nobility Barter is the money of the Peasants Debt is the money of the SLAVES

@lasvegasliving9237 23 күн бұрын

Sad to hear that but better to stack and not overpay.

@waic2081 23 күн бұрын

With that much income in Vegas, you can live like a absolute king a few years back when homes were under $100k. Pretty much vacation every week. but now ... . . .

@christiandouglas7771 23 күн бұрын

These videos are awesome. Definitely helpful for us Las Vegas locals.

@lasvegasliving9237 23 күн бұрын

Thank you so much for the support Christian!🙏👍

@betitos11 23 күн бұрын

Yup, people dont realize that the consumer can controll the economy by not spending on overpriced things they dont need.

@lasvegasliving9237 23 күн бұрын

Too bad the people don't want to use that control but rather spend endlessly to allow corporate greed to run amok throughout the entire economy.

@BoulderCityBlues 23 күн бұрын

I believe a lot if the people moving to the Las Vegas area will be selling and leaving once they experience the blistering hot summers , the horrible schools , horrible health care insane traffic and increasing crime .Most of the people that move to the area are former weekend warriors who spent time in a nice hotel and enjoyed their stay and thought wouldn’t it be nice if we could live here all the time ..Once they arrive reality sets in and it’s nothing like you thought it would be .Your electric bill is insane , your gas bill is insane and if you’re dumb enough to buy a home with an HOA you’re basically living in a prison where you’re not allowed to do anything without the wardens approval even after you just spent over 500,000 for your home . Just like what’s going on in Austin right now as people who bought a couple of years ago are now fleeing as fast as they came in . Las Vegas housing market and dream is as fake as the idea you’re going to break the bank at a casino ..It takes a special breed to live in Las Vegas and it’s not for everyone as they will be finding out soon enough ..My opinion

@KitCat1988 23 күн бұрын

Been in Vegas 33 years and it definitely has changed ALOT.

@lasvegasliving9237 23 күн бұрын

I completely agree with you. There is a very big difference between visiting Las Vegas and living here. There are a lot of pros and cons to this city just like any other city but it has significantly changed in the last several years.

@lasvegasliving9237 23 күн бұрын

@@KitCat1988 No doubt about it!👎

@otisari1924 23 күн бұрын

People should get together and build their homes like old days and say no to banks and mortgages. Be total independent

@lasvegasliving9237 23 күн бұрын

Unfortunately, that's just not realistic in today's world.

@rathelmmc3194 23 күн бұрын

Well you could buy land and do that, but its not as cheap as one would think. There's a lot of regulations on building residential housing.

@anthonymartinez4307 23 күн бұрын

Yes that works and you don’t have the burden to be in debt all your life so your home goes to someone else anyway. This has been a big scam by banks and governments.

@lasvegasliving9237 23 күн бұрын

@@rathelmmc3194 A LOT of regulations!

@RealLifeFinance 23 күн бұрын

Yup

@giovannidomenech4321 23 күн бұрын

My comment is that advise is golden! We spend too much on crap. Thanks for always looking out for us the little guy❤

@lasvegasliving9237 23 күн бұрын

Thank you for the support!🙏👍

@rogereubank9940 23 күн бұрын

Just went to a local garage sale and I bought a vintage monopoly game. The amounts for fees & taxes was less than the tips I give to the waiters @ my local restaurants. The wages for a doctor was $10,000/year. It's unbelievable how far we've come from normal!!!!

@lasvegasliving9237 23 күн бұрын

The world and economy feels truly unrecognizable ever since the pandemic hit us.

@dougpeters1625 23 күн бұрын

Same affordability issue is happening with new cars and trucks. The price of a fully loaded pick up truck is what a starter home should be, and no I'm not living in 1972 it's really insanity out there. I don't know how much longer it's sustainable.

@lasvegasliving9237 23 күн бұрын

Absolutely happening in the auto industry as well. Completely ridiculous.

@michaelslifecycle 23 күн бұрын

The taco 12 pack at Taco Bell should be the gold standard when it comes to seeing the effects of inflation. I remember when it was like $5 for the whole 12 pack. Now it’s $25 😂

@lasvegasliving9237 23 күн бұрын

Wow. It just goes to show you how far the dollar has devalued over the last few years.

@adeeperlook5866 23 күн бұрын

Jerry, you have the most incredible videos about what's happening in the real estate market, and this one is no exception. These real estate companies are dirty pigs indeed. You clearly have integrity by not only holding your stance but educating others about the dark side of real estate. Thank you for who you are. We have in you a true American and your channel is the best!

@lasvegasliving9237 23 күн бұрын

Wow, thanks so much! I really appreciate the kind words and support!🙏👍

@patricianorman209 23 күн бұрын

Your videos are phenomenal, Jerry! Your informative videos help a lot. Grateful to you for your candor! Thank you for keeping us informed. Blessings!

@lasvegasliving9237 23 күн бұрын

Thanks so much for the kind words and continued support Patricia!🙏👍

@patricianorman209 23 күн бұрын

@@lasvegasliving9237 🙏😊

@davidmajer3652 23 күн бұрын

When many of these renters cannot make their rent, expect a bail out for these corporate landlords, and the homeless numbers to swell.

@lasvegasliving9237 23 күн бұрын

When the economy runs into trouble, it could get very ugly for a lot of people as there will be a lot of collateral damage. We'll see how it plays out.

@gregbyrn 23 күн бұрын

So was watching a documentary about homelessness in San Francisco. Was astonished at one of the facts mentioned…..about 40% of American family’s would go under if they got an unexpected bill of $1,000. That is unbelievable and scary too. Just waiting now for this house of cards that we call the economy to fold!

@lasvegasliving9237 23 күн бұрын

Very scary and also true. Scary times for so many people in today's crazy world.

@liveyourlife7367 23 күн бұрын

There should be a law agaist corporations owning too much!

@lasvegasliving9237 23 күн бұрын

Agreed!

@Hello_jo 23 күн бұрын

I am with Kenya. I finally have a six figure salary and thought I would be able to buy a home but renting is squashing my ability to save money for one. I moved to a relatively cheap area but I am responsible for lawn care, tree trimming, utilities, and maintaining the AC unit as I am responsible for stoppages. So with all that added up it’s very expensive to live here. I do the lawn care on my own but it takes half my weekend as I live in a warmer climate. I wouldn’t mind doing this if I owned the property but I don’t. I am worried about the future of renting as it seems more and more expenses are getting passed to the tenants.

@lasvegasliving9237 23 күн бұрын

Sorry to hear that. This is the major problem that is happening in this country where everything continues to get more and more expensive while wages lag behind.

@bonniemartenez5294 23 күн бұрын

Greed is taken over. People are retiring, they sell in CA for 2 million, move here and pay cash. They want brand new! Crazy.

@lasvegasliving9237 23 күн бұрын

Greed has reached epic proportions!

@RealLifeFinance 23 күн бұрын

Cali and Washington retirees pumping up prices everywhere

@mossyoakmom8880 22 күн бұрын

I’d n never live in Las Vegas, Palm Springs or Phoenix, or many southern states they are way too hot!! Also the southern states have humidity added🥵.

@lasvegasliving9237 22 күн бұрын

@@mossyoakmom8880 Different strokes for different folks.

@mossyoakmom8880 22 күн бұрын

@@lasvegasliving9237 Yes, I agree.

@Goldenchicken9000 23 күн бұрын

6figure salary and million dollar home was the dream 10 years ago. Now, it’s sadly the norm.

@lasvegasliving9237 23 күн бұрын

So true! Sad.

@Trump-rv4nz 23 күн бұрын

I’m a tax accountant in the SF Bay Area California and I have clients that make 200k+ and can’t afford to buy a home here which averages 1.1 million dollars

@polskigirl8547 23 күн бұрын

Maybe it’s time to relocate to an affordable state and city

@lasvegasliving9237 23 күн бұрын

That's just crazy yet the unfortunate reality.

@lasvegasliving9237 23 күн бұрын

@@polskigirl8547 That's what many people unfortunately have to do at this point.

@user-sd5ow2lz9o 22 күн бұрын

Reality check for all you genuises advising everyone to just move to an area with lower property values so they could afford a nicer house on their current salary: unless their current job is one they can do from home, and get their employer's blessing to do so full-time without any drop in pay, that will usually prove impossible to make work! Areas with lower property values are usually areas with little to no industries nearby to provide higher paying jobs to residents, which is the reason their property values are lower in the first place! HELLO McFLY! The vast majority of workers are not able to obtain high paying remote work jobs that would allow them to keep their high salary but move and work remotely from a lower cost of housing area!!

@Trump-rv4nz 22 күн бұрын

@@user-sd5ow2lz9o that’s true lower cost of living equals lower salaries but even with the higher salaries in the Bay Area, people still can’t afford a house. Mind you the average of one million is a 2 maybe 3 bedroom 1 bath house one car garage. It starts at a million on the peninsula. The price appreciation just in the last 5 years is outrageous as salaries have not kept up. Even someone making 250k can’t afford a house

@jimgalle1371 23 күн бұрын

My Master Degree in BASKETWEAVING now qualifies me as Shift Leader at McDonalds.

@polskigirl8547 23 күн бұрын

😂😂😂

@lasvegasliving9237 23 күн бұрын

Lol

@lasvegasliving9237 23 күн бұрын

@@polskigirl8547 😂

@jerryjohnson6252 23 күн бұрын

mr.abbott.i look forward for your saturdays videos.your very informative an knowledgable about real estate as a whole.thank you an may you good success in life.

@lasvegasliving9237 23 күн бұрын

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

@ty6099lle 23 күн бұрын

Jerry Abbott is the best real estate commentator on the web!

@lasvegasliving9237 23 күн бұрын

Thanks so much!!🙏👍

@jorge1170xyz 23 күн бұрын

Yes, his videos are packed with a lot of great info and good commentary.

@lasvegasliving9237 23 күн бұрын

@@jorge1170xyz Thanks so much!🙏👍

@adanblas2451 23 күн бұрын

Many spend 70-80k truck for dad 50-60k car for mom thousands on vacations but never decide to put anything for the long term like retirement . No wonder many can't retire comfortably

@Eric-tb2je 23 күн бұрын

Everything comes down to affordability. The value of anything is what someone is willing to pay.

@christaylor8337 23 күн бұрын

Those same over spenders are gonna look at me, a saver, to make it right twenty years from now.

@Blinkyjedi 23 күн бұрын

Corporations are broke and don’t open books. This video is a joke

@bitemenow609 23 күн бұрын

@@Eric-tb2je Things are worth what they are. IDIOTS pay more than they are worth. This market is full of Fools and crooks. The economy is Full of FOOLS who do not have to pay these criminal prices.

@polskigirl8547 23 күн бұрын

Exactly

@waskanoradlaski 23 күн бұрын

Jerry, you are one of the last of "A Few Good Men" in the real estate market. May your voice keep growing for the masses!

@lasvegasliving9237 23 күн бұрын

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

@rangercal1 23 күн бұрын

These Hedge Funds are going to be left holding the bag when their house prices plummet. You can't rent if you are unemployed.

@lasvegasliving9237 23 күн бұрын

We'll see how it plays out.

@clarekramer411 23 күн бұрын

The price history on Zillow is very typical of houses in my neighborhood in Florida as well. People are playing games

@lasvegasliving9237 23 күн бұрын

Seems to be a silly yet dirty game.

@manuelvasquez2883 23 күн бұрын

Thanks for sharing and keeping it real😊💯👍🙋‍♂️

@lasvegasliving9237 23 күн бұрын

My pleasure!🙏👍

@bertrambertram9173 23 күн бұрын

The broader economic context you start off with is terrific.

@lasvegasliving9237 23 күн бұрын

Thanks so much!🙏👍

@jimmyamico4713 23 күн бұрын

You hit the nail on the head, Jerry outstanding video❤

@lasvegasliving9237 23 күн бұрын

Thanks so much Jimmy!🙏👍

@PAA2FLY 23 күн бұрын

Living in Orlando now. Planning on selling my house in 4 years and moving to Vegas. Hopefully the market stabilizes by then. Just started following you and I Subscribed. Great Job! 👏

@lasvegasliving9237 23 күн бұрын

Thanks for sharing, watching and the support!🙏👍

@sonnycusa 23 күн бұрын

Thanks for the honest analysis again Jerry!! Hang in there buyers if you can because prices will be coming down!!

@lasvegasliving9237 23 күн бұрын

Thanks for the support!🙏👍

@RasiRobi 21 күн бұрын

I doubt it will come down 😅

@sonnycusa 21 күн бұрын

@@RasiRobi It will, there is going to be a correction soon and those who wait will be rewarded!

@RasiRobi 21 күн бұрын

@@sonnycusa maybe 🤔 but I’m not so sure about it. Too many people moving to Vegas plus retirees and lots of cash buyers

@lasvegasliving9237 21 күн бұрын

@@RasiRobi May take a while.

@snow-uq4gx 23 күн бұрын

A law should be passed now to not allow corporations buy single family homes Cities can claim imminent domain and force these corporations to get out the market

@lasvegasliving9237 23 күн бұрын

The problem is that these large corporations (Wall Street) wield a lot of power and influence politicians. It's a very dirty, corrupt game.

@BREEZYM6015 23 күн бұрын

I'm glad I bought a townhome in September of 2023. I paid $203,500 and Zillow already has it valued at $232,500 which I'm taking with a grain of salt. 😂

@lasvegasliving9237 23 күн бұрын

Good for you.

@mikem9366 23 күн бұрын

Jerry for president.... If we had a president who was dishonest we wouldn't be in this situation I think you need to run for mayor governor of Las Vegas maybe I'll move back then.... Vegas crime is getting a little bit out of hand it's becoming little California..

@lasvegasliving9237 23 күн бұрын

Lol...food for thought. Thanks for the support Mike!🙏👍🤔

@patricianorman209 23 күн бұрын

Agree!! 😊

@vivianlandrum8507 22 күн бұрын

thank you for your analysis.

@lasvegasliving9237 22 күн бұрын

My pleasure!🙏👍

@plektosgaming 23 күн бұрын

100K is easily possible to survive on, but as you mentioned, it comes with containing spending. We're talking about the 1970s era spending our parents and grandparents went through where they even made their own clothes to save money. When every lunch was in a brown bag and had PB&J. in it. THAT conservative. I manage on $200 a month for groceries but it's all staples and I make it all from scratch. 80% of the budget is from Winco as well. Cheap as possible. This entire generation has been bamboozled into thinking that spending money is the way to your dreams and emotional stability. I feel bad so I will spend $10 on that app to reward myself. I can't be bothered to make tea or coffee at home so I will spend $9 on that drink. I make 60K a year and live comfortably. But yes, my TV is 12 years old and I buy clothes used, and I can't remember the last time I went into a Starbucks for anything. The most expensive piece of furniture I own is $40, used, and I have zero subscriptions to anything - just my internet bill. MInd you, it took me a YEAR to wean myself from all those various small bills and payments as many are notoriously difficult to stop. Most people I know have 10 or more running all the time, sucking hundreds out of their pockets every month. I talk to friends of my son and their minds can't comprehend the stark difference of living like this, as it feels like a desert to them - the idea of spending nothing at all unless you must do so. So, yes, it CAN be done, but only if you reprogram your mind into not wanting to spend a dime unless you must do so.

@lasvegasliving9237 23 күн бұрын

Unfortunately, most people don't have anywhere near that kind of discipline to live their lives like that. This country is addicted to spending and contributes massively to the corporate greed that runs through the entire economy. People will only learn their lesson when they face serious hardships.

@plektosgaming 23 күн бұрын

@@lasvegasliving9237 I understand. My son's girlfriend can't stop buying him delivered food as a gift. Even though I tell her that I can go pick it up and save the $15 uber eats charges. They just don't comprehend how much money is being wasted. But the time when we are all truly broke and have to live like that is coming. I'm saving every penny I can as this house of cards will get a bit ugly before the dust settles.

@raven6885 23 күн бұрын

I met an Uber driver in Las Vegas who is a real estate agent. Said no one can afford homes in Vegas at 7% interest rates with Median home rate $430,000. He has to drive for Uber to live now.

@lasvegasliving9237 23 күн бұрын

Local residents with normal jobs cannot afford the median home price here in Las Vegas. Most of the demand and price surge has come from out of state or investor cash buyers.

@mruizruiz2329 23 күн бұрын

Greedy Corporations do this simply because they can. You are right, the public can turn this around. Sadly, there is no complicated science behind this model and history will prove your points in time. Great video!

@lasvegasliving9237 23 күн бұрын

I agree with you that corporations are very greedy but the public will likely not turn this around because there's such a massive spending problem in this country with little ability to change legislation. We are our own worst enemy allowing these things to happen. Thanks for the support!👍

@clarekramer411 23 күн бұрын

I've owned three houses the first one I gave to my ex so he wouldn't be homeless, the second one I sold for several thousand less because I wanted to help the buyers. That was 2001. The third one I sold at a huge loss. All of this getting rich off the sale of houses is disgusting. People just need to lower the price in order to help the rest of the country. People need to lower the price and suck it up, or stay put. Every one of us can make an effort to turn this problem around and stop the madness. Lower your prices.

@lasvegasliving9237 23 күн бұрын

That would be ideal but not likely to happen until the economy changes.

@baldisaerodynamic9692 23 күн бұрын

saddest thing is north town isnt even worth 200k

@lasvegasliving9237 23 күн бұрын

The north side of Las Vegas has seen a massive increase in demand in building and ultimately much higher prices.🤷‍♂

@RR-qr8on 23 күн бұрын

Thank you! I love your videos

@jimgalle1371 23 күн бұрын

yes yes yes

@lasvegasliving9237 23 күн бұрын

Thank you so much!🙏👍

@lasvegasliving9237 23 күн бұрын

@@jimgalle1371 Much appreciated!🙏👍

@maxfulmer3193 23 күн бұрын

We bought our home in 1993, our interest rate was 6.78. With 20% down, what is the problem? These people that want no down payment, insanely low interest, and lower the price. Then they feel they can just walk away, because they won’t be losing anything. If you have to invest more up front, you will not walk away.

@lasvegasliving9237 23 күн бұрын

The problem is that home prices have quadrupled in the last 30 years and incomes lag far behind. Affordability today (for everything) is far more difficult compared to 30 years ago.

@duvaughnyisrael2376 23 күн бұрын

Fantastic Content. Thanks

@lasvegasliving9237 23 күн бұрын

My pleasure. Thanks for the support!🙏👍

@paulinlasvegas 23 күн бұрын

I think $100,000 a year is good enough to live comfortably. The key to lowering stress is living below your means. Keep debt to a minimum and try to save something every time you get paid. Bottom line: if you can't afford it then you shouldn't buy it. A simple strategy to overcoming this feeling of inadequacy is if you make $100,000 a year. Live like you make 50k. If you make 50k live as though you only earn 25k. A little deferment of self gratification will benefit you greatly in the long run.

@lasvegasliving9237 23 күн бұрын

I agree with you but it's very hard to live below a certain income threshold when we've seen such hyper inflation over the last few years.

@smileystevie9662 23 күн бұрын

Thanks, Jerry.

@lasvegasliving9237 23 күн бұрын

My pleasure Stevie. Thanks for the continued support!🙏👍

@libraspath473 23 күн бұрын

Go for it, Jerry! My next step is to write write and write to all of my representatives about this. We are not wage slaves to the corporate pigs and their big fat cigars and Mercedes Benz.

@lasvegasliving9237 23 күн бұрын

Right on!👍

@lynn-deespencer4413 23 күн бұрын

We need to band together to vote every single congress, house of rep no support to these corporations and vote them all out no if and or butts. Sellers too refuse to lower prices in fact they've increased prices with increased interest rates. Nobody wants to make changes. Sellers are being greedy

@lasvegasliving9237 23 күн бұрын

That would be ideal but unfortunately little will be done in all likelihood to change the current system.

@1963Oklahoman 22 күн бұрын

Looks like HOA of housing additions need to incorporate ...NO RENTAL, NO LEASING...JUST OWNERSHIP. My wife and I lived in an addition here in Oklahoma that had that HOA policy. A few years into ownership the house next door to me was for sale. A doctor came and looked at it and while my wife was watering her flower bed he came over and spoke to her. She told him it was a great addition and he'd like living here. He told her he and several other doctors were investing in "nice" homes in "good" additions to turn the homes into leases or rental...my wife told him real quick...there are no rentals allowed in this addition through the HOA laws and covenant. He left unhappy....but it stopped corporation/ investor rental in that neighborhood.

@lasvegasliving9237 22 күн бұрын

Thanks for sharing that information David. Nice to know that some HOAs prohibits corporations or investors from renting out homes/additions within certain communities.

@HoudiniCrypto 23 күн бұрын

Greed the seeds of evil won't be deceived high crazy pricing homes you are doing great videos thank you 🇺🇸😎✨

@lasvegasliving9237 23 күн бұрын

Thanks so much for watching and the support!🙏👍

@patricia4127 23 күн бұрын

Thank you! 🤗

@lasvegasliving9237 23 күн бұрын

My pleasure!🙏👍

@user-js3lw1tt8f 23 күн бұрын

The corporate vultures also own the casinos in Vegas

@lasvegasliving9237 23 күн бұрын

Also true and that's why the costs to visit, stay, eat or be entertained on the Vegas strip is truly outrageous at this point.

@Resmith18SR 23 күн бұрын

@@lasvegasliving9237You mean that $40 dollar hamburger at Peter Lugers is overpriced? 😂

@lasvegasliving9237 23 күн бұрын

@@Resmith18SR Just a bit!🤦🏻‍♂

@cartmanbrah8937 23 күн бұрын

If Kenya can't afford her rent with a hundred thousand dollar salary. It is time for her to look for another neighborhood that is in her budget.

@lasvegasliving9237 23 күн бұрын

Many people don't want to make location sacrifices to afford a home.

@VegasElement 23 күн бұрын

That home in Cadence is a $275K home. If that.

@lasvegasliving9237 23 күн бұрын

Unlikely that we will ever see that kind of price point but it really is stunning to see the drop from where it was just a few months ago.

@rasmidas6686 23 күн бұрын

Great content

@lasvegasliving9237 23 күн бұрын

Thanks so much!🙏👍

@angelafariscal8020 23 күн бұрын

I’m happy living on my apartment I’m on fix income.I have money from my 401k not anywhere buying a house.I have invested it money is growing .Nope not buying a house .

@lasvegasliving9237 23 күн бұрын

Good for you, Angela!👏👍

@curtgomes 23 күн бұрын

“No one ever went broke underestimating the intelligence of the American consumer……..” This economy is in serous trouble. Lots of entitled people spending money willy-nilly.

@lasvegasliving9237 23 күн бұрын

Very true. It could get quite ugly for a lot of people when the economy runs into trouble.

@careyf7859 22 күн бұрын

Your video came up on my feed and I live in Wyoming lol. The same has happened here. When I moved here in 2018 from Colorado the houses were pretty well priced, now they've doubled, and Cheyenne kinda sucks lol. I don't make 6 figures not even close but I've stopped useless spending just to make it. It definitely works. Most of the people i know that make 6 figures are always broke. I'm over here with my 40k a year living pretty well. Excellent video ❤

@lasvegasliving9237 22 күн бұрын

Thanks so much for watching and commenting! Keep doing well! I appreciate you sharing that info!!🙏👍

@dlasti 23 күн бұрын

Your ending was key. People need to stop with the unnecessary spending and start spending smart and save as much as possible. Get a side hustle.

@lasvegasliving9237 23 күн бұрын

Thanks for watching and the support! Much appreciated!🙏👍

@jorge1170xyz 23 күн бұрын

The problem is, that if people have the money and want to spend on those things, then that's just the new reality for everyone else to get used to. What distorts everything though is access to credit and government stimulus (there's still way more of stimulus going around than people realize, and the Ukraine war is actually a huge one). When/if that goes away, then real price discovery happens. But who knows when or if that'll be allowed to happen. But houses can't be propped up forever with just stimulus, and I am already seeing pricing weakness in a lot of places, and it's still the good season.

@Uncutslots 23 күн бұрын

⁠⁠@@jorge1170xyz The stimulus set the impending economic disaster into motion with all of that free money & low interest rates...A LOT of cheap loans & refinances have certainly helped in keeping open the spending floodgates, somewhat surprisingly imo. When considering both the extremely low inventory (particularly in Southern NV) & the high demand for the Vegas/Henderson area (from out of state buyers/retirees/investors), I see only a slowdown in price increases, but don't see prices falling on a broad scale...especially considering where the demand is coming from & what will happen to prices once the Fed decides to cut rates...with probably at least one cut made this election year (in fall?). JMO.

@rathelmmc3194 23 күн бұрын

Something worth noting too is that in that Fox5 clip you showed housing should only go up around 20% over 7 years, not 100%. That's basically 30 years of price appreciation in 7.

@lasvegasliving9237 23 күн бұрын

It really is stunning to see what has happened to home prices in the last several years.

@davesites 23 күн бұрын

Great video.

@lasvegasliving9237 23 күн бұрын

Thank you!🙏👍

@drewsocal5576 23 күн бұрын

Wall Street investors represent a small fraction, typically new developments. Mom & Pop real estate investors own the majority of housing in existing homes.

@mlbonfox8199 23 күн бұрын

The federal government underwrites 85%… that’s why the market’s not crashing(there holding the bag

@lasvegasliving9237 23 күн бұрын

Not true at all. Wall Street now owns millions of homes and growing.

@Uncutslots 22 күн бұрын

Agree...The data demonstrate that institutional buyers represent a smaller fraction than the Mom & Pop investors, & both together represent millions nominally, but these millions still represent a small fraction of the entire market. What's counterintuitive is that demand is still high (rising in some markets) despite the higher interest rates & relatively high prices, which indicates that too little supply is meeting greater demand...simple economics at play here. The data to date also indicate that the higher interest rates are simply slowing the price increases...not reducing prices. If interest rates were lower, more buyers/latent demand would simply push up prices further imo. I don't see this current trend slowing much as the Vegas/Henderson areas seem to be "locked into" this low supply-higher demand scenario for the foreseeable future. JMO.

@lasvegasliving9237 22 күн бұрын

@@Uncutslots I appreciate your feedback but the big problem is that most people have a hard time seeing around corners. Nobody thinks anything is going down when everything has been so strong. I believe after the election we are going to see the economy hit rough water. The massive amounts of debt and high interest rates along with a weakening job market indicate that trouble could be brewing. That will increase inventory and demand will slow and ultimately lower prices IMO. Time will tell how it all plays out.

@josephlahn1711 23 күн бұрын

I am all for it but last time, we stop paying all the extra fees and the modern day robber barons lost some money everything crashed and the government bailed them out with our future tax money.

@lasvegasliving9237 23 күн бұрын

It's unfortunately a dirty game.

@WatchingClowns 23 күн бұрын

People complain when homes are too low complain it’s too high complain complain go back over the last 100 years on this Memorial Day weekend and look at how many times things have been challenging for those before us…We aren’t special..

@lasvegasliving9237 23 күн бұрын

I agree with you. Times are always challenging but it seems especially so ever since the pandemic ended and inflation got so out of control. Prices for everything across the entire economy are just completely outrageous nowadays compared to yesteryear. .

@WatchingClowns 23 күн бұрын

@@lasvegasliving9237 because people were given twice their salaries without having to work and could do whatever they wanted. Not Reality so people need to curb their expectations Greatly!!

@lasvegasliving9237 23 күн бұрын

@@WatchingClowns It will come back to haunt many people.

@Michael-we9vp 23 күн бұрын

JERRY ROCKS! He's the total package!

@lasvegasliving9237 23 күн бұрын

Thanks Michael!🙏👍

@TheIrvingsylva 23 күн бұрын

The 7.4mil is them following the news and headlines on values of areas…

@lasvegasliving9237 23 күн бұрын

Regardless, corporations/Wall Street want to own all of it if they could.

@ziggyj691 21 күн бұрын

I'm an Asian guy in SF. Love your channel and content.

@lasvegasliving9237 21 күн бұрын

Thanks so much for the support!🙏👍

@marcfisher8165 23 күн бұрын

199k and cannot buy a house. Has a big financial leak and figure out how to reduce the expenses.

@lasvegasliving9237 23 күн бұрын

Thanks for watching and sharing that info.

@judd_s5643 23 күн бұрын

look at houses on the other side of the tracks?

@lasvegasliving9237 23 күн бұрын

@@judd_s5643 Not the usual option for most people.

@InvestingWithAdamK 23 күн бұрын

Happy Saturday Jerry. $100,000 is absolutely Sufficient. Now if she hopes to buy more than what it gets her then there’s an issue. I have done a video in the past how tight 100k a year is, but that was family not 1 person. That being said went with a client to a toll builder property. Starting 1.7. Can’t even sign in till July because they’ve had too much demand.

@lasvegasliving9237 23 күн бұрын

Unreal! Unfortunately, a six-figure salary just does not go that far in major cities. It certainly goes further in lower cost of living areas, but still feels very inadequate in today's over inflated economy.

@InvestingWithAdamK 23 күн бұрын

@@lasvegasliving9237 No. it doesn’t go far. But people do it on less as well. It’s a matter of finding content with whatever your budget allows. 100,000 is plenty to live fine and save. Just not the way it used to.

@lasvegasliving9237 23 күн бұрын

@@InvestingWithAdamK It certainly can be done but never adequate enough to put any real money away for retirement, college tuition, etc.

@InvestingWithAdamK 23 күн бұрын

@@lasvegasliving9237 Completely disagree with that. I was making $30,000 a year and had roommates and ate pasta to save when I was young. It’s a matter of priorities. I’m extremely fortunate and have done ok, but I advise anyone I can to save what they can

@CyberSamurai 23 күн бұрын

You are very correct...."contemporary fine Art" is a stable financial portfolio investment asset. #gold #realestate #contemporaryfineart

@lasvegasliving9237 23 күн бұрын

Thanks for the support!🙏👍

@bronsonrueda1497 23 күн бұрын

It sounds like Masterworks is the Blackstone of contemporary art?

@lasvegasliving9237 23 күн бұрын

Solid company.

@craigenputtock 23 күн бұрын

People! Email and call your members of Congress and tell them this has to stop! Just complaining to yourselves will do NOTHING--and that is exactly what the elites expect you will do: nothing.

@lasvegasliving9237 23 күн бұрын

That would be the ideal thing for most people to do but unfortunately the corporations wield so much power over the politicians that very little will likely be done/change in the long run.

@judd_s5643 23 күн бұрын

There are two sides to every real-estate transaction! The buyer and the seller. In all fairness, you need to rail against the seller too!

@lasvegasliving9237 23 күн бұрын

I do rail against the sellers in basically all of my videos showing massive overpricing in many of those Zillow examples.

@lianabond2751 23 күн бұрын

Hotels and casinos require workers, where do they expect the workers to live??

@lasvegasliving9237 23 күн бұрын

Unfortunately, renting in their corporate owned apartments or housing.

@lianabond2751 23 күн бұрын

@@lasvegasliving9237 Sounds like Ford town in Detroit back in the day!

@Resmith18SR 23 күн бұрын

Siegel Suites, 3 to a room. 😂😂😂

@lasvegasliving9237 23 күн бұрын

@@lianabond2751 🤷‍♂

@lasvegasliving9237 23 күн бұрын

@@Resmith18SR Scary to think some people need to do that.

@MgtowRubicon 23 күн бұрын

Jim Rickards recommends Productive Real Estate, Bullion Gold, and Investment Grade Fine Art. I know nothing about Fine Art, so I am staying with real estate and precious metals.

@lasvegasliving9237 23 күн бұрын

That's fine. Thanks for watching.

@WatchingClowns 23 күн бұрын

Life is Rarely fair this is a life rule yet we live in the fairest Country…Enjoy the ride play out the hand you’re dealt the best you can then be forgotten in about in 4 generations…

@lasvegasliving9237 23 күн бұрын

Thanks for that input and watching.

@Stridermd 23 күн бұрын

Who manages the thousands of corporate owned single family homes? Are there large property management companies who manage hundreds at a time in a given area? With all of the corporate ownership, I'd have to think the property management business is booming!

@lasvegasliving9237 23 күн бұрын

Absolutely. These corporations have many other companies/people in place to manage their real estate holdings.

@lynellefson1230 23 күн бұрын

Prices are crazy obviously, but are we going to have a crash like 08? Not sure, inventory may stay low for a long time, especially if interest rates go down.We may need a Paul Volcker interest rate spike to shock the whole system.(I know it would be painful).

@lasvegasliving9237 23 күн бұрын

I don't see a crash coming anytime soon, certainly nothing like the 2008 one. However, I do believe we could see a correction if we stay at higher interest rates for longer periods of time and the job market continues to weaken.

@christiandouglas7771 23 күн бұрын

2023 was my first year making 100k. Definitely does not feel like I have a lot of financial freedom like I thought I would making “6 figures.” Feeling like this as mid 20’s single male no kids wife etc and money still feels tight.

@lasvegasliving9237 23 күн бұрын

Unfortunately, many people are in the same exact situation and feel the same way. It's very unfortunate how much the dollar has devalued to the point where even a six-figure salary doesn't feel sufficient in today's world. Sad.

@ronniepratt8710 2 күн бұрын

Zillow has now gotten bad at going along with these over inflated prices. Nothing makes sense anymore.

@nissanjdm702 23 күн бұрын

It'll be nice we actually united together and not pay taxes. That's where It'll hurt them.

@lasvegasliving9237 23 күн бұрын

That's more wishful thinking than reality.

@torsten6777 23 күн бұрын

Contemporary Fine Art, while I hold it to go up in value, can I take a loan out on it so that I don’t have my own limited funds invested, and can I rent it out to have someone else make the loan payments for me and can I depreciate it to get great tax deductions so I won’t pay taxes on my profit?

@lasvegasliving9237 23 күн бұрын

Apples and oranges. Real estate is very capital intensive that usually comes with a lot or risk and debt.

@bryanpiereson8083 23 күн бұрын

You cite examples of ridiculously overpriced homes but it seems they don't sell. Does a significant percentage of these actually sell?

@lasvegasliving9237 23 күн бұрын

Many, if not all of these homes eventually sell, usually at slightly reduced numbers from original price points.

@MgtowRubicon 23 күн бұрын

*Creative financing solves huge problems for buyers and sellers.* "Mr. Owner, which is more important to you: How *MUCH* money you get or *WHEN* you get your money?" *"Mr. Owner, if you can be flexible on payment terms, then I can offer full value."* *"Want to sell your property for 10% more than your asking price? You **_CAN_** when you sell it to me!"*

@lasvegasliving9237 23 күн бұрын

Thanks for watching.

@fozzir 23 күн бұрын

This is where I live. The average rent for a 2-bedroom apartment in San Diego is approximately $3,4831. As a general guideline, it’s recommended that your income be about three times the cost of your rent. So, to comfortably afford a 2-bedroom apartment in San Diego, you would ideally need an income of approximately $10,449 per month or $125,388 per year. That being said, if you made only 100k you would definitely need a roommate.

@lasvegasliving9237 23 күн бұрын

This is very common in HCOL areas and utterly sad to think income of that magnitude is needed just to rent an apartment. Thanks for sharing that.

@jimkelley8658 23 күн бұрын

Things can change quick. Your second example on Silvalde has dropped an additional $50k.

@lasvegasliving9237 23 күн бұрын

Good catch Jim! Just saw that after I finalized video. Just goes to show you that there is still so much overpricing going on here in Las Vegas.

@idid1866 23 күн бұрын

Masterworks, maybe the easier route! But if you prefer owning physical, have the space and knowledge, you can do this on your own.

@lasvegasliving9237 23 күн бұрын

Okay, thanks for sharing that info.

@martinwalters8510 23 күн бұрын

Exactly right 😢😮

@lasvegasliving9237 23 күн бұрын

Thanks!🙏

@magicalwishes7715 23 күн бұрын

You talk about corporate greed that everybody’s getting into the rental business Zillow and redfin are trying to run the market in the rental market. I listed my house in Arizona for rental OK and I can’t even get anybody to rent it. Harley and Zell is doing is sending me everybody with bad credit. I’m having trouble running it because people credit is bad so what they do is they keep the best for their their own rentals that’s exactly what they’re doing doing.

@lasvegasliving9237 23 күн бұрын

Sorry to hear that and that is happening in certain areas.

@jdeanie2431 22 күн бұрын

Wow I’m stunned. This video and your message are what I’ve been thinking and feeling. I’ve achieved salary increases due to promotions and made 135k last year and am not comfortable with what a mortgage will cost me. Talking 3800 and up for some dump 50 year old houses. It’s nuts. I’m confused but hearing that other people are having similar experiences kind of helps. Are you primarily a buyers agent ? Thank you .

@lasvegasliving9237 22 күн бұрын

Yes, I primarily help buyers. You have every reason to be stunned and disgusted at the absurdly high costs to own a home today as wages still lag far behind compounded inflationary and very high interest rates. Truly unreasonable by any measure nowadays. Thanks so much for the support!🙏👍

@doubleclutch3631 23 күн бұрын

100,000 dollars is sufficient but that depends on where you live.

@lasvegasliving9237 23 күн бұрын

The six-figure salary is really only sufficient in lower cost-of-living areas. That kind of income does not go very far in major cities anymore.

@1mw4tch1ng 23 күн бұрын

Developer jack new home prices double or even triple the cost to build it. Since they could not sell at the jack price they lowered the price to get them a new home off their books and make a little profit. Realtors price the homes according to the listed price and the reason is the 6% commission on the sold home. Yes, some homeowners would like the higher than market price to test the water if any fish would take the bait. Don't forget Realtor greed as well. Realtors would skip a house to show and refer customers to much higher value homes for higher commission.

@lasvegasliving9237 23 күн бұрын

Agreed except realtor commissions are not fixed. Thanks for your input and watching.