Las Vegas Homes For Sale

Las Vegas Homes For Sale - Ruined!

Рет қаралды 33,331

2 ай бұрын

Las Vegas Homes For Sale - Ruined! In the current economic climate of the US, the pervasive lack of affordability has taken its toll on countless individuals, with many lives ruined by the effects of inflation and corporate greed. This is especially noticeable in the housing market, particularly in popular cities like Las Vegas and the over 3,000 Las Vegas homes for sale. The current median price for the many Las Vegas homes for sale has now increased to $465,000. These sharp increased prices are not only happening in cities like the Las Vegas real estate market but throughout the country. Las Vegas homes for sale, once symbols of opportunity, now serve as glaring examples of challenges faced in the housing market. Data from popular real estate websites like Zillow highlights the prevalence of many Las Vegas homes for sale, exacerbating the affordability crisis. However, with inflation still out of control, there is a looming fear that the broader economy could run into trouble, leading to reduced housing demand. In such a scenario, Las Vegas homes for sale could face decreased interest resulting in downward pressure on home prices. The prospect of diminished housing affordability would likely increase overall inventory, particularly in popular cities like Las Vegas and thousands of additional Las Vegas homes for sale could eventually come on the market. If you are thinking of buying a home, patience is a potentially prudent option, especially if you're thinking of buying one of the many Las Vegas homes for sale. The amount of Las Vegas homes for sale are likely to increase as interest rates remain quite high for a longer period of time which will prevent less home buyers qualifying for a home loan. This could and should lower home prices as we get later into 2024 and into 2025, especially Las Vegas homes for sale.
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If you are going to be living in Las Vegas Nevada then this is the channel for you! We tell you what it's like to move to Las Vegas and make videos about Las Vegas real estate every week. We work with clients from all over the U.S. that are relocating here and we ABSOLUTELY LOVE IT! Reach out to us day/night/weekends if you are moving here. We've got your back when moving to Las Vegas.
Jerry Abbott
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Summit Properties
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@lasvegasliving9237 2 ай бұрын

In the current economic climate of the US, overall affordability has become increasingly elusive, resulting in the ruination of many lives due to hyperinflation and corporate greed. This plight is particularly evident in once-affordable cities like Las Vegas, where aspiring homeowners struggle to afford the average home price. Las Vegas homes for sale, once promising opportunities, now highlight the challenges in the housing market. Data from popular real estate websites like Zillow underscores the prevalence of overpriced homes in the Las Vegas housing market, exacerbating the affordability crisis. As prices continue to soar, the dream of homeownership becomes increasingly out of reach, leaving individuals and families feeling financially burdened and uncertain. 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

@TheeLynnChase 2 ай бұрын

I've seen some really lovely townhouses with a community pool for mid 300's. Below the national median.

@ddawson8069 2 ай бұрын

Jerry youse seem real honest and i'd trust you with a transaction.

@lasvegasliving9237 2 ай бұрын

@@TheeLynnChase There are certainly different options out there.

@lasvegasliving9237 2 ай бұрын

@@ddawson8069 Thanks so much!🙏👍

@bonniemartenez5294 2 ай бұрын

Try being a senior on a fixed income. Scary.

@anthonym_ 2 ай бұрын

We are constantly being lied to.

@northshoreplaid 2 ай бұрын

Everything we see hear on mainstream propaganda TV. It’s all a smokescreen. And when the crash really starts. We’re stuck while the elite are in buying up what we lose.

@lasvegasliving9237 2 ай бұрын

No doubt about it!

@joanwebster602 2 ай бұрын

How does this woman even keep a straight face?

@lubrown188 2 ай бұрын

If we lie to the gov't, it's a FELONY. If they lie to us, it's called politics. 😡💯😡

@BoulderCityBlues 2 ай бұрын

Those jobs are mostly government jobs ..The last thing this country needs is bigger government

@ddawson8069 2 ай бұрын

The Military Industrial Complex is sucking the US Treasury dry. War is big business and will divert attention away from the miserable fact that the US is hopelessly bankrupt and there will have to be a reset. $1T increase in total unpayable debt every 95-days is untenable.

@lasvegasliving9237 2 ай бұрын

Agreed!

@nathanstjohn2920 2 ай бұрын

Remember that end of last year government cancelled 400k open positions. I have a feeling most openings are never meant to be filled

@ceciliapreziose3783 2 ай бұрын

87K IRS alone

@albertprazolam4341 2 ай бұрын

Agree and they are also counting part time/second jobs in the full time jobs column. The initial job report numbers are blasted all over the MSM the day it comes out. The revision to those numbers that comes about 30 days later...not so much haha.

@WhereIsDustin 2 ай бұрын

Over one million dollars for a house in Las Vegas??? Come on man! The average person income there is less than $40K a year!!!

@lasvegasliving9237 2 ай бұрын

Those homes are not being bought by local individuals.

@BREEZYM6015 2 ай бұрын

If that's the case then I'm fortunate to be making $60K a year.

@blacksilverchair3315 2 ай бұрын

@@lasvegasliving9237 That individual buying the house will have to live and play in that same 40k economy.

@lasvegasliving9237 2 ай бұрын

@@BREEZYM6015 That's about average for individuals.

@lasvegasliving9237 2 ай бұрын

@@blacksilverchair3315 🤷‍♂

@joemama-tn7zl 2 ай бұрын

America is going through a denial stage. Anything high priced is mostly unaffordable to many. Credit cards are maxed and chapter 7 and 11 are on the uptick. Play it safe be frugal and wait. This is not the time to spend on unnecessary things.

@lasvegasliving9237 2 ай бұрын

Good advice! 👍

@r.soclose 2 ай бұрын

All 99 Cent Stores are closing. That tells me everything about the economy.

@markme4 2 ай бұрын

They will reopen next year under a new name. 10.99 Stores

@lasvegasliving9237 2 ай бұрын

Very telling!

@albertprazolam4341 2 ай бұрын

@@markme4 😄

@calikidd80 2 ай бұрын

That’s because you can’t buy anything for 99 cents! The store would be empty.

@lasvegasliving9237 2 ай бұрын

@@calikidd80 Facts!

@nathanstjohn2920 2 ай бұрын

I work at L3harris a defense contractor, we laid off 4000 people last Thursday. 8% of the global workforce. I have a feeling rough times are ahead for millions of people. Foreclosures, tight liquidity, high rates etc.

@lasvegasliving9237 2 ай бұрын

Wow. Sorry to hear that but the labor market is starting to run into problems now which could create bigger problems for the economy down the line.

@bbustin1747 2 ай бұрын

That was one layoff that didn’t hit the mainstream business media, not a bleep, I have to read it here . It’s a strange one considering that the govt is borrowing and spending trillions above the fiscal budget and somehow it’s not making into the defense budget increases. Only enough to account for inflation.

@lasvegasliving9237 2 ай бұрын

@@bbustin1747 It's always convenient for the gov/media to report nonsensical numbers during an election year. A lot of things are left out.

@nathanstjohn2920 2 ай бұрын

@@bbustin1747 it shocked us last Thursday. I agree media not reporting yet. Very strange, we closed down 6 sites in the us.

@JohnnyJolter69 2 ай бұрын

“Believe nothing you hear, and only one half that you see.” ― Edgar Allan Poe

@MelStar31 2 ай бұрын

I thought that was Dolph! 🐬

@lasvegasliving9237 2 ай бұрын

Sounds about right.🤷‍♂

@tonyheymunkets 2 ай бұрын

The easiest way to figure out inflation is the price of candy bars and rib eye steaks

@lasvegasliving9237 2 ай бұрын

And many other things as well!

@renardfranse 2 ай бұрын

and eggs

@Elhastezy888 2 ай бұрын

can't thumbs up a post w/that goofy azz "emoji" but agreed, it's just plain sad how much a candy bar costs

@tonyheymunkets 2 ай бұрын

@@Elhastezy888

@lasvegasliving9237 2 ай бұрын

@@renardfranse All of it!

@sararestivo6044 2 ай бұрын

THE MEDIA HAS A SCRIPT THEY HAVE TO GO BY, IF YOU WANT UR JOB!! AND FJB.

@NoDaysOff-oz2zl 2 ай бұрын

Everybody reading the news is a well-paid actor. They are like hostages. FJB and the rest of the Uniparty criminals in DC.

@rustynail3630 2 ай бұрын

Agreed.FJB

@lasvegasliving9237 2 ай бұрын

A lot of propaganda.

@anthonymartinez4307 2 ай бұрын

Biden paid false advertising to lie to the public. FJB!

@RealLifeFinance 2 ай бұрын

Just spent about a dozen hours analyzing this past week. Basically cost of all life goods, Houses, Rent, Cars, Gas, Insurance are all up roughly 5x to 6x in past 40 years. While Avg wages are up 3x. Living Costs Twice as much as it did in the 80s.

@UneducatedGeologist 2 ай бұрын

2 bed 1 bath apartments 45min outside Seattle were $800 just 10yrs ago. And $1200 5yrs ago. Now they are $2k+. Its sickening. Nobody has money for anything fun.

@lasvegasliving9237 2 ай бұрын

Thanks for that information. Sad but true.

@lasvegasliving9237 2 ай бұрын

@@UneducatedGeologist It really is stunning and beyond unfair to see this happening.

@arlenbell4376 2 ай бұрын

Just went to the grocery store this morning and noticed several prices up since I last went earlier in the week. Beef is up an additional 10% (it was already up 50% since 2021!

@albertprazolam4341 2 ай бұрын

I'm the guy who never looked at prices when I went to the grocery store. I needed bread, I just grabbed it and threw it in the basket. So when this guy starts looking at the price of a loaf of bread before buying it trust me, we are not in a good situation here haha.

@lufiron 2 ай бұрын

The job numbers are actually worse when you break them down further: we lost about 100k full time jobs, but gained 400k part time jobs so overall we're up 300k job! yay! Its hilarious.

@lasvegasliving9237 2 ай бұрын

The numbers are much worse than what they are reporting. Such BS.

@Elhastezy888 2 ай бұрын

Even worse is how many lay offs have occurred in the last 4 months & counting. It's unreal, many many different industries

@rockymntdan1 2 ай бұрын

@@lasvegasliving9237 And they don't mention the "foreign born" vs "native born" full time worker. The majority full time jobs are going to immigrants not native citizens.

@lasvegasliving9237 2 ай бұрын

@@Elhastezy888 Yes! Things are changing more rapidly in the job market and that could eventually send the economy into a tailspin.

@lasvegasliving9237 2 ай бұрын

@@rockymntdan1 Certainly not accurate or transparent information.

@madog1 2 ай бұрын

Just a few years ago, 12 pack cans of soda were usually on sale for 3 for $10.00.

@lasvegasliving9237 2 ай бұрын

Such different times today!

@TzUuup 2 ай бұрын

Those deals come by often. You just have to wait for them. Usuallyn1 week out of the month it'll come and that's when you load up

@BoulderCityBlues 2 ай бұрын

Time to rein in the real criminals aka the HOA’s

@lasvegasliving9237 2 ай бұрын

HOAs are a love/hate scenario for many here in Las Vegas.

@johnjohnston5437 2 ай бұрын

$500k is ridiculous for a track house in the desert.

@lasvegasliving9237 2 ай бұрын

You would think but that's not the case anymore. Still cheap compared to other west coast HCOL cities.

@idid1866 2 ай бұрын

😅👍

@HappierHeadstones 2 ай бұрын

I’m tired of every time I pay in cash I never get the coin change back and they always round up to their gain, not mine. It’s always in a restaurant and from now on, that will be their tip!

@lasvegasliving9237 2 ай бұрын

Lol...I hear you!

@stevennelson7635 2 ай бұрын

I am on Social Security and barely making it. Inflation is truly at 13.8% and they keep on saying it’s 3.5% don’t they know any better? I have to wait a whole year to get an increase so I’m going in debt each month

@RealLifeFinance 2 ай бұрын

It's disgusting. Each person's inflation is different but most are experiencing 5%-15% while they report 3.5%.

@NoDaysOff-oz2zl 2 ай бұрын

They are lying to us about the real rate of inflation.

@lasvegasliving9237 2 ай бұрын

Sorry to hear that and unfortunately we are being lied to with these bogus reports on inflation numbers.

@lasvegasliving9237 2 ай бұрын

@@RealLifeFinance The public reports are bogus.

@iamkrista1 2 ай бұрын

Who are you going to believe? The government inflation numbers or your lying eyes?

@Rohoactr 2 ай бұрын

Gas, food prices and int rates is hurting my wallet. The economy really stinks !

@lasvegasliving9237 2 ай бұрын

Agreed!

@victorofrias 2 ай бұрын

They are including all the fast food workers in California jumping up ro 20. Super misleading

@lasvegasliving9237 2 ай бұрын

Completely misleading nonsense!

@scottyflintstone 2 ай бұрын

15:15 Costco selling Gold bullion. That's a pretty good indicator that people feel threatened by inflation

@michaelellringer5600 2 ай бұрын

I'm 74YO, and I lived thru the high inflation that raged all through the 1970's and neither Ford, Nixon or Carter could contain it. Nixon tried price controls and then was labeled a Socialist for doing so.

@HappierHeadstones 2 ай бұрын

People were actually arguing on KZfaq about this yesterday, some were saying the guy was lying and others saw it (online). I do know that they do in fact sell gold and silver. It is just very limited.

@lasvegasliving9237 2 ай бұрын

That is pretty crazy!

@gogglespaesano1619 2 ай бұрын

AHHHHHH The Tell-Lie-Vision!!!

@markme4 2 ай бұрын

All of the liberal owned stations, which is most of them

@lasvegasliving9237 2 ай бұрын

Thanks for watching.

@lasvegasbreakingnews1752 2 ай бұрын

It's a lie. Meanwhile, the country continues to hurtle into an economic depression.

@lasvegasliving9237 2 ай бұрын

It could get ugly after the election.

@Elhastezy888 2 ай бұрын

🎵"Tell me lies tell me sweet little liiiieeees... tell tell me lies Oh no noOo you cant disguise" 🎶

@lasvegasliving9237 2 ай бұрын

Lol...👍

@ceciliapreziose3783 2 ай бұрын

pay up 4%, while inflation is probably about 15%

@lasvegasliving9237 2 ай бұрын

Easily, people constantly playing catch up while MSM feeds us absurd reports.

@mariaalexander4653 2 ай бұрын

Only corporations are buying home. Regular people if you don’t make 112 thousand a year . Forget it to .

@lasvegasliving9237 2 ай бұрын

Still many individuals buying homes as well.

@martinbattle4443 2 ай бұрын

Thank you for telling the truth.Not like the others paid in this great picture.They don't have any conscience.Thank god for people like you are

@lasvegasliving9237 2 ай бұрын

Thanks so much for the support!🙏👍

@phylliskennedy3615 2 ай бұрын

Thank you! Such great information..I really appreciate your content.

@lasvegasliving9237 2 ай бұрын

My pleasure! Thanks so much for the kind words and support!🙏👍

@KRD74 2 ай бұрын

Same thing here in NW FL. Lots of houses miraculously gained more than 100% value in the last 4-5 years. Some of the incredible gains have happened in the last year-ish. Every time I see a crazy overpriced house go under contract, I send a silent admonition to the buyers that we need to band together on strike! 😂 I saw a recent land price reduction: 33 rural acres listed Feb 17, 2024 for $1,853,500, reduced by $674K on April 10 to $1,179,500. They are obviously after developers, but holy smokes, that’s a big change in a short time! Pre pandemic, rural acres were between $3K-$5K each.

@lasvegasliving9237 2 ай бұрын

We really need to boycott prices. That would bring everything down.

@thisduderockz 2 ай бұрын

Whats frustrating me about inflation is Wallstreet and CEO's of these corporations are still making record profits. Im starting to believe Inflation is intentionally and artificially kept high because the rich are making record profits.

@michaelellringer5600 2 ай бұрын

Just don't blame the current President for Inflation. I lived thru the high inflation of the 1970's and neither Nixon, Ford or Carter could contain it.

@NoDaysOff-oz2zl 2 ай бұрын

Yellen flooding the market with printed cash is intentional.

@lasvegasliving9237 2 ай бұрын

It is completely intentional to penalize the average person while corporations and executives make out like bandits.

@agentcrypto7741 2 ай бұрын

Thanks Jerry for the info.

@lasvegasliving9237 2 ай бұрын

My pleasure! Thanks for watching and commenting!🙏👍

@Mr.Creepo 2 ай бұрын

“No Way In Hell!” I like this guy.

@lasvegasliving9237 2 ай бұрын

Lol....thanks!👍

@lubrown188 2 ай бұрын

Second video I've seen on your channel. Thank you for your honesty and common sense. I love reality. ❤️💯

@lasvegasliving9237 2 ай бұрын

Thanks so much for watching and the support!🙏👍

@ddawson8069 2 ай бұрын

Jerry's clearly a straight shooter.

@Detroit_Paul 2 ай бұрын

Wages are up 4.1 and inflation 3.2% (if you beleive it) Not mentionned you wage incease is taxed, so depending on where you live, the inflation rate might be higher than your wage increase.

@RealLifeFinance 2 ай бұрын

Government has under reported inflation my entire adult life. 40yrs. It's usually 1.5x or 2x what they report.

@lasvegasliving9237 2 ай бұрын

The public reports being fed to the public are complete nonsense.

@madog1 2 ай бұрын

The second house was lowered again on 4/10/2024 to $710,000.

@lasvegasliving9237 2 ай бұрын

I just saw that...and this would continue if buyers would only boycott these absurd prices! Thanks.👍

@madog1 2 ай бұрын

@lasvegasliving9237 Yeah, I understand they want to get as much as they can (I would), but this is just greed at work.

@lasvegasliving9237 2 ай бұрын

@@madog1 100%

@wichertj3 2 ай бұрын

This is depressing.

@lasvegasliving9237 2 ай бұрын

Many people would agree with that.

@TheRussRave 2 ай бұрын

I used to be a licenced real estate Agent in Sydney Australia, and would like to say that this guy really knows his stuff. If I was looking for a home to buy in Las Vegas, he would be the first person I'd turn to for assistance. Well done. Love the videos!

@lasvegasliving9237 2 ай бұрын

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

@davidmajer3652 2 ай бұрын

Thanks for another informative presentation, buyers got to love you.

@lasvegasliving9237 2 ай бұрын

My pleasure!😎👍

@michaeloshea5878 2 ай бұрын

Great sharing. Thank you.

@lasvegasliving9237 2 ай бұрын

Thanks so much!🙏👍

@westpacificmarketanalytics2384 2 ай бұрын

Deficit Spending......we spent 1T in 3 months and added 1.4% to national debt we are now at 125% Debt to GDP.......out of control!

@lasvegasliving9237 2 ай бұрын

Completely out of control!

@patricianorman209 2 ай бұрын

Thank u kindly for your honest video, Jerry. Frustration about prices over inflated. 😢 Hope for a correction and better times. 😢 Grateful for keeping us informed.😊

@lasvegasliving9237 2 ай бұрын

My pleasure Patricia! Thanks for the support!🙏👍

@patricianorman209 2 ай бұрын

@@lasvegasliving9237 🙏😊😇

@officerzanzibar701 2 ай бұрын

Jerry, I live in the greater Raleigh, NC, area. Every day I get a text or e-mail from some builder / realtor announcing a price drop of X dollars on some newly built home. When I look up these homes, many have been on the market for 90 days or more. So these homes are not selling. However, these same builders then announce and build a lot of 120 homes here, 75 homes there, etc. What I do not understand is why these builders, who they cannot sell their currently built homes (inventories), are constructing still more homes (increasing their inventories), which they will not be able to sell! I do not get it!

@Kathleen67. 2 ай бұрын

For illegals?

@lasvegasliving9237 2 ай бұрын

They know what they are doing and will likely offer big incentives or lower prices but still have a lot of margin built in to lure naive buyers into their web of profit.

@ddawson8069 2 ай бұрын

...and these new homes are just crap. Waay over-priced, imho, and shoddily built. The publicly listed home builders are only out for profit and hire the cheapest generals and subs they can find to slap the houses up as quick as they can. No thx i'll wait right now.

@lasvegasliving9237 2 ай бұрын

@@Kathleen67. No

@thomasryan1535 2 ай бұрын

Incentives.. example : builders pay to buy down the interest rate for the first two years. Then they get a new homeowner that becomes a bag holder when the price declines.

@raymondpuder6269 2 ай бұрын

The decline doesn't start until prices get back to the line they should be on ......then we need 20% to30% correction. Its way too early to buy so I am buying gold instead hoping to maintain my value until prices are reasonable

@lasvegasliving9237 2 ай бұрын

Okay, we'll see how it plays out.

@dannys-beverage-world 2 ай бұрын

Gave you a thumbs up Jerry.. I take it there's no more $2.99 steak dinners at the frontier..

@coolcatfunhouse 2 ай бұрын

I'm in Vegas, and there are No more Meal Specials anywhere. The deals have literally vanished.

@user-qv3uv3ur4x 2 ай бұрын

Memories😊

@lasvegasliving9237 2 ай бұрын

Ha...sadly, the good old days are long gone, Thanks!🙏👍

@lasvegasliving9237 2 ай бұрын

@@coolcatfunhouse So true!

@lasvegasliving9237 2 ай бұрын

@@user-qv3uv3ur4x Great memories!

@TheeLynnChase 2 ай бұрын

The Regency that you showed in your example is an age restricted community that was built by Toll Brothers. The price sold in 2020 is their base price. It doesn't include any of the upgrades for flooring cabinets, fixtures, pool, spa landscaping, back yard irrigation, landscape lighting, epoxy flooring in the garage, painting, crown molding, window coverings upgraded appliances, etc. When I looked at these homes in 2021 the base price had gone up to 715k. I asked them how much would it cost to make the home look like the models and I was told to add an additional 100k to the price which is modest for adding pool landscape and all the rest. realistically more like add 170k to make it look like the model so that means the example purchased at 641k plus 170k brings it to 812k plus appreciation of the supposedly 6% per year, as the pundits have told us, since 2020 to 2024 would be around 975k So maybe they are off base, but I have seen homes in that community sell for over 1 million dollars already, so are they off base? The market will speak for itself. We shall see...

@lasvegasliving9237 2 ай бұрын

The prices in Regency are absurd. I don't care what any of those builders say. Those homes a few years ago were far cheaper but those days are now gone. The HOA in there is also $400/mo!

@TheeLynnChase 2 ай бұрын

@@lasvegasliving9237 I agree!! Wholeheartedly!

@tenajones2841 2 ай бұрын

Ridiculous prices. Just insane

@scbrennan2039 2 ай бұрын

Government inflation numbers never include food and energy prices due to its volatility. Thats why the numbers are a total sham. Bag of potato chips at Stop & Rob are same $7.99. Dunkin is doing shrinkflation with the smaller size of now its glaze donut (was just jelly for awhile). I buy popcorn kernels wholesale that lasts several months and refuse to buy other snacks or drinks. Those ffers are still killing it on their margins because consumers keep buying the price increase. STOP BUYING and the prices will finally start to come down. And no more donuts for me!

@RealLifeFinance 2 ай бұрын

I 100% agree. Unfortunately 90% are fine putting it on credit card keeping prices up.

@beloved-child 2 ай бұрын

Vv0m3n will buy a 20,000 dollar dixie cup if it becomes a trend like the Stanley cups or

@beloved-child 2 ай бұрын

Vv0m3n will spend $20,000 on a dented in dixie cup if it becomes trendy like Stanley cups or if it's considered an item of prestige and a status symbol. Vv0n3n are biggest reason outside c0rp greed that prices won't go down. Birthing people will keep paying for it cuz they rather be broke miserable and in foreclosure then have their gfs think they're nor using brand name products or don't have a 20,000 dollar wine in the fridge.

@EvelinHolmes 2 ай бұрын

Potatoe chips are not good for you .Stop buying them

@lasvegasliving9237 2 ай бұрын

Totally agree!!

@MORE1500 2 ай бұрын

On a happier note, the world's wealthiest 500 people increased their bank accounts by $1.2 TRILLION in 2019.

@lasvegasliving9237 2 ай бұрын

That's such great news (not).🤦🏻‍♂

@dpledoone 2 ай бұрын

That news report was a joke Jerry. CPI running at 0.4% monthly when steaks at Costco have more than doubled, people losing their jobs and healthcare (government) and minimum wage jobs growing?-lovely. With over $1.1 Trillion in credit card debt, excess savings close to zero, the consumer has been destroyed. Thanks for keeping it real Jerry.

@lasvegasliving9237 2 ай бұрын

The economy is a house of cards and the public reports we get from MSM is a total joke. Thanks for the support!🙏👍

@ThePlumber747 2 ай бұрын

what goes up must come down!

@lasvegasliving9237 2 ай бұрын

We'll see how far prices come down once the economy gets rough water.

@dans4316 2 ай бұрын

We are considering Summerlin. I hope you’ll do a review there soon?

@lasvegasliving9237 2 ай бұрын

Reach out to me direct if you want any specific information on Summerlin.

@bbustin1747 2 ай бұрын

The good news is the FED Chicago president said Friday that housing prices and owners equivalent rent is leading this inflation surge and with that , Translation- Rates are not going to be cut and if anything a sacrificial 1/4 point ! The FED PhDs believed their own calculations and discounted human behavior. skewing data works only so long. gold is at its historic high and speaks the truth. The dollar is being trashed in real time. The fact that homes aren’t falling much means little as those home prices are denominated in dollars…. In reality the dollars purchasing power is falling rapidly. Follow Gold this will tell exactly where the dollar is and assets denominated within. inflation is a bitter lesson many can’t comprehend its origin. It’s not greedy corporations…. but there are certainly greedy sellers

@lasvegasliving9237 2 ай бұрын

Thanks for sharing your thoughts. I agree with you. The dollar is devaluing rapidly. That's why gold is up and especially Bitcoin are becoming and more and more popular. Inflation is still completely out of control.

@bbustin1747 2 ай бұрын

@@lasvegasliving9237 As you wrote this message, Bitcoin is tanking 9.5 percent. Hardly a store of any value, only a perceived value. Anything that can lose 2/3 value within weeks is speculative. If anyone wants to speculate, just buy a mispriced home. At least it’s something tangible and you can live in it ! to each his own, lessons abound

@bbustin1747 2 ай бұрын

@@lasvegasliving9237 As we write these messages Bitcoin is down 9.5 percent in live trading. Hardly a store of value. capable and demonstrative to lose 2/3s value in weeks. It’s a speculation. If you want to speculate, just buy a mispriced home…. At least you can live in it and it has tangible value.

@bbustin1747 2 ай бұрын

@@lasvegasliving9237 Bitcoin was down today 9 percent and recovered to 5 percent. It is a speculation , if anything speculate in a mispriced house, it’s tangible. Monday could be a bloodbath for Bitcoin …. Gold is going to show its colors Monday. Another all time high.

@bbustin1747 2 ай бұрын

Bitcoin is a speculation , down today 9 percent .. now down 5 percent , if anything speculate in a house. At least you can live in it. It’s tangible. Bitcoin is going to drop massively Monday and gold will likely make another all time high. Gold speaks the truth. Do as central banks do. Buy gold 😂

@RichardTan-lf5xi 2 ай бұрын

Nice update Jerry. Another great coverage of the Las Vegas market. It’s always good to stay on top of current trends.

@lasvegasliving9237 2 ай бұрын

Thanks so much!🙏👍

@johnprice6805 2 ай бұрын

They are so full of crap

@lasvegasliving9237 2 ай бұрын

Completely!

@jimmyamico4713 2 ай бұрын

Excellent video, Jerry❤

@lasvegasliving9237 2 ай бұрын

Thanks Jimmy!🙏👍

@wesleybuckhanon2825 2 ай бұрын

Thank you.......

@lasvegasliving9237 2 ай бұрын

My pleasure!🙏👍

@user-sz6xs2xr9j 2 ай бұрын

Good Video thanks you Jerry Teresa from florida

@lasvegasliving9237 2 ай бұрын

Thanks Teresa!🙏👍

@TzUuup 2 ай бұрын

"Dont see a crash coming" 😂😂😂 changing that tune now huh

@lasvegasliving9237 2 ай бұрын

Correction was what I have always stated.

@dunsmuir238 2 ай бұрын

Gosh, everything is bright and cheery according to the mainstream media. Reality says something very different.

@lasvegasliving9237 2 ай бұрын

So true!

@yeahchen4104 2 ай бұрын

I do plan to move to Vegas soon and definitely you'd be the first guy I'd call!

@lasvegasliving9237 2 ай бұрын

Thanks so much!🙏👍

@smileystevie9662 2 ай бұрын

Thanks, Jerry, for telling the truth.

@lasvegasliving9237 2 ай бұрын

My pleasure! Thanks for watching!🙏👍

@billanderson7120 2 ай бұрын

Enjoy your videos every week. Can you do something on new home market again? Thank you

@lasvegasliving9237 2 ай бұрын

I will try to add some of that into a future video.

@SleepThatBurns 2 ай бұрын

Spot on! No nonsense information on this channel!

@lasvegasliving9237 2 ай бұрын

Thanks so much!🙏👍

@donh5166 2 ай бұрын

Wow, if our Canadian dollar was par with the American dollar your house prices would be a bargain compared to where I live in BC, Canada 😮

@lasvegasliving9237 2 ай бұрын

I hear Canada is a total inflation disaster.

@blabla22222 2 ай бұрын

@15:02 Sir, Renee’s comment demonstrates “greed-flation” not inflation.

@lasvegasliving9237 2 ай бұрын

It's both.

@lilchrissr816 2 ай бұрын

Smh people like this are the reason investors have so much. Yeah let boycott buying a home but complain if an investor swoops in and buys it all cash. Pick your poison my guy. If rate drop down those homes are going back to the same value. That's even if those homes are still on the market. As a homeowner I get calls and letters daily to purchase my home that isn't even for sale. Their not stopping anytime soon. When rates drops it will be 21/22 all over again

@lasvegasliving9237 2 ай бұрын

The reason all of this is happening is because people have a lot of equity in the HCOL of states and investors are as well, especially Wall Street. Unfortunately, there is still no legislation to prevent these investors from invading the residential real estate market. However, we also haven't had any economic downturn since the pandemic. It will be a different ball game once the economy hits rough water.

@boundless1494 2 ай бұрын

Good times or bad times people struggle. There's no accountability.

@lasvegasliving9237 2 ай бұрын

Can't argue with that comment.🤷‍♂

@bbustin1747 2 ай бұрын

As Jim Cramer would say …. Buy , buy , buy !

@lasvegasliving9237 2 ай бұрын

Lol...not a good guy to listen to!

@tuppencepon1242 2 ай бұрын

Nice video. I agree with you, we really all need to take a stand and start boycotting these insane prices. If we don’t, the price-gouging race to the bottom will continue. Greed is wrecking this country. We need a renaissance of sanity, ethics and decency, which are all sorely lacking right now.

@lasvegasliving9237 2 ай бұрын

Agreed! Thanks for the support!🙏👍

@Bentot888 Ай бұрын

Inflation is hurting us big time. Our bi-weekly grocery jumped from $90 to $170. Outrageous!! I’m based in Ca but I don’t see myself living here long term. Seriously considering retirement in LV. Thanks for sharing valuable information.

@lasvegasliving9237 Ай бұрын

Thanks for sharing! Prices are crazy, especially in California! Sorry for the delayed response, didn't see it pop up. Glad you liked the video. Reach out anytime!👍

@1eb4u2c2 2 ай бұрын

We need a Marshall Plan for housing because we have a wave coming of homeless citizens. Promote the General Welfare

@lasvegasliving9237 2 ай бұрын

Scary times.

@Pasovineyard 2 ай бұрын

"The press should be not only a collective propagandist and a collective agitator, but also a collective organizer of the masses." Vladimir Lenin

@lasvegasliving9237 2 ай бұрын

Sickening nonsense being fed to the public.

@raphtranter6895 2 ай бұрын

As home prices inflated into the stratosphere over the past few years our property taxes, home insurance, utilities and maintenance costs also shot up. I just priced a new HVAC system for my house. I’m delaying it to this Fall at the earliest to save up. Because of my age I had planned on hiring a contractor to paint my house. I’ll probably do it myself at least one more time.

@lasvegasliving9237 2 ай бұрын

Sorry to hear that. It really is unfortunate how much inflation and corporate greed has hurt the average persons pocketbook in the last few years.

@plektosgaming 2 ай бұрын

Three main areas are NOT included in the government's inflation index: 1: Rent. 2:Power 3:Insurance. Guess which three have been climbing? It gets worse when you drill down into the lists of specific items that they check in that almost all of them are barely above their price from years ago but everything ELSE on the supermarket or clothing isle is much much higher. The retailers have the same lists and play the same game, believe it or not. So a gallon of milk is affordable. But that bottle of creamer of your coffee? vastly higher than 2 or 3 years ago. But, it's not on the official list, so, nope, the supermarket isn't raising prices.

@lasvegasliving9237 2 ай бұрын

Very selective information from those bogus reports. 🤷‍♂

@rene-bl5gq 2 ай бұрын

Wow! Thank you for the Shoutout! Here's an example of what's available in California: 3 bed / 2 bath 1,452 sqft built in 1987 Price: $1,250,000.00 Breakdown at 7% intrest rate with 7% down Property Tax $9,250/yr PMI 1% HOI: 1,500/yr: Monthly payment: $9,598.72 ($8,629.97 after 118 months) Total paid at payoff: $3,221,103.44 Total interest paid at payoff: $1,621,790.94 The median income in this city is $48,820 indv. / $105,010 household. Help me make sense of this.

@rene-bl5gq 2 ай бұрын

This home is a remodel flip originally bought in 2022 for $729,000.00 (still high for the area).

@lasvegasliving9237 2 ай бұрын

Hard to believe those numbers and that anyone except the wealthy could ever afford it. None of it makes sense at this point. My pleasure on the shoutout.👍

@lasvegasliving9237 2 ай бұрын

@@rene-bl5gq Investors are beyond greedy at this point.

@rathelmmc3194 2 ай бұрын

Whether you think the economy is okay or not is almost 100% dependent on whether you’re looking to buy a house right now. If you bought in 2015 and are just chilling you’re probably feeling pretty good.

@lasvegasliving9237 2 ай бұрын

True.

@kagnewcobra5228 2 ай бұрын

Which is the majority of the people, thank GOD.

@lasvegasliving9237 2 ай бұрын

@@kagnewcobra5228 Hard to know if that is the majority or not.

@rathelmmc3194 2 ай бұрын

@@kagnewcobra5228 Even if it is the majority its a problem for people under 35 who may be trying to do family formation right now.

@agoogleuser4410 2 ай бұрын

Seller greed is only a thing if buyers cooperate. So, buyers need to stop and wait, as you say.

@lasvegasliving9237 2 ай бұрын

If only they would but they won't!

@34tgroan 2 ай бұрын

What’s the land value of those homes? I’m in Dallas and the land value of the home I bought in 1991 has increased by 1100%.

@lasvegasliving9237 2 ай бұрын

Hard to gauge that but it has increased vastly over many years and decades.

@artiglesias9317 Ай бұрын

You tell it as it is in reality. Thank you.

@lasvegasliving9237 Ай бұрын

Thank you!🙏🏼👍

@memberslist 2 ай бұрын

I enjoyed your video and agree with what you have to say. You compared the home prices and wages from 1985 to 2022. I would like to have you include on your graph the difference between CEO wages between 1985 and 2022. It would be good to show how that differs. I think wages haven't kept up and that is the biggest issue.

@lasvegasliving9237 2 ай бұрын

Hard to gauge that data but suffice to say that CEO wages have always been exceptional.

@maverick-zj3jz 2 ай бұрын

You cant add 400,000 on a 200.000 home and expect to sell it

@lasvegasliving9237 2 ай бұрын

Home seller greed is off the charts!

@leebeidelman 2 ай бұрын

Last time in Vegas was fall of 2019. First time was in 1976. Boy have things changed! 10 years ago I was thinking about retiring there. But I retired in place. Now I’m not sure that I can afford to vacation there! Vegas is going to get hit hard in the next crash. Home prices will go down by 50-60 percent.

@lasvegasliving9237 2 ай бұрын

Las Vegas has certainly changed in the last decade but there is very little chance we will ever see home prices crash 50 to 60%.

@grizzly3133 2 ай бұрын

I agree to all you say we are in tough spot

@lasvegasliving9237 2 ай бұрын

Very tough spot!🙏👍

@mrchad97z49 2 ай бұрын

if Zillow did not post those previous prices and how many times the house was listed for sale then removed, then relisted, then YOU (the public) would not have anything but your own rationale to estimate what a home is worth. And the sad thing is, I have seen Studies that show that peoples valuation on even the smallest of items are easily influenced by outside numbers or any other number they flash at you. People simply do not have way to value houses or businesses for sale or cars or any other items until its too late. Warren Buffett was good at placing his own "personal valuation" on businesses (per his own words) and was successful at it. But studies have show people are easily influenced and cannot value their own purchases and they behave as if they are valuing an item but they cannot estimate what effect it would have on something like your retirement. A while ago Zillow started hiding things from the history. The history used to go back further than 3, 4 or 5 years. But then I saw them shrink the history to just the past few years. But now in some cases maybe they are showing more history once again?? Either way, if they flashed the numbers from 10 yrs ago, then you would see the truth at how overpriced houses are. The historical inflation in homes was 3 to 5 % But we saw a much larger run up after the FED dropped rates in 2009ish and kept them low for a decade and actually, they are still historically very low. Watch the video on KZfaq called "PBS Mind Over Money" posted by Nocturnal Aviation. This is the STUDY that I was referring to. People cannot place an accurate value on anything. But Walmart and other retailers also roll prices up then down and back and forth to get you used to seeing higher prices..

@lasvegasliving9237 2 ай бұрын

Great points Chad. Very much agree with you and how easily influenced people are on various pricing. Thanks for the insight.👍

@katydid2877 2 ай бұрын

Expensive popcorn snacks and soda? Haven’t had soda in 10+ years. Super unhealthy and a waste of money, especially what they charge for it in restaurants. I see people in Walmart with their cart piled high with garbage food. Maybe making it “too expensive” will be a win-win for budgets and health.

@lasvegasliving9237 2 ай бұрын

True but just goes to the bigger picture of how bad inflation is nowadays.

@brooklyndy 2 ай бұрын

Foreclosures the canary in the coal mine…also, homes today probably twice as big as 1985…Americans will be forced to “downsize” and cook at home more…this is just a “correction” in a lifestyle bubble…

@lasvegasliving9237 2 ай бұрын

We'll see.

@Useruytrw 2 ай бұрын

Factually perfect

@lasvegasliving9237 2 ай бұрын

Thanks so much!🙏👍

@RedEyeC 2 ай бұрын

This real-estate fleecing is going on all over - Michael Bordenaro shows it in FL. County assessors and treasurers are happy clams doubling or much more the property taxes - forcing people who have owned their homes for decades - out in the streets. We live in a sad time.

@lasvegasliving9237 2 ай бұрын

Completely agree. Sad situation for millions of people.

@donlafever7950 2 ай бұрын

Also, 71,000 were government jobs and 49,000 were low-paying hospitality jobs. The MSM reports what the government says and they never dig beneath the surface.

@lasvegasliving9237 2 ай бұрын

So true! Bogus numbers being reported all the time with a total lack of transparency.

@MrWesker00 2 ай бұрын

I deal with automotive parts, usually used. Every now and then I have to go to the local big box parts store like Autozone, OReillys and man, the prices are scary. Cans of brake cleaner for $7-$9 up from $2.99/$3.49 about 1.5/2 years ago. A can of WD-40 was $10.99. If you're a DIYer and go to the parts store, you're going to pay a pretty penny.

@lasvegasliving9237 2 ай бұрын

Wow. That just goes to show you how inflation has infected every sector and at a much higher level than what the gov and the MSM is reporting to us.

@MrWesker00 2 ай бұрын

@@lasvegasliving9237 whatever comes out of the White House and the mainstream liberal media, it's usually fairly safe to assume the exact opposite

@lasvegasliving9237 2 ай бұрын

@@MrWesker00 Certainly not remotely accurate.

@rebeccasullivan-pe6sq 2 ай бұрын

The jobs numbers are BS - I've been laid off for over a month now with 20 years experience in account management. so many rejections. a few interviews and no offers. the worst part is that I trained my replacement who is in India. These layoffs - many roles are being offshored. I don't believe anything they say about the economy being good.

@lasvegasliving9237 2 ай бұрын

Sorry to hear that Rebecca. This is what the media does NOT report. Sad.

@leilanimitchell6466 2 ай бұрын

I truly appreciate your honesty in all your videos because the one thing that infuriates me is being gas lit! The MSM constantly lies to the public regarding how great the economy is and wages rising. However, reality is a different story. The middle class is slowly dying by a thousand cuts. We all need a side hustle to survive.

@lasvegasliving9237 2 ай бұрын

I will always keep it 💯on this channel. Thanks so much for the support!🙏👍

@thomasfranco5997 2 ай бұрын

You have to be crazy to buy a 2 bd. and 2Bth. for over $600,000, no matter how big it is. I have 2 nieces who are twins and are 21 years of age. They want to buy a house, but they want to wait to see if the prices go down. I keep telling them when I was your age, I was working 7 days a week with 2 jobs and saved money to buy a house at 27 years old. I know times have changed. But they are hard workers, and both have side jobs. One does nails and the other is a party planner. They both work in the fast-food industry, here in California and just got their raise at $20.00 an Hr. Hopefully that will help. Thank you, Jerry Hope you have a great day. I always do on Saturday my routine is Starbucks in the morning and watch you after. Great Morning.

@lasvegasliving9237 2 ай бұрын

Thanks for sharing that information. Appreciate the continued support Thomas!🙏👍

@blacksilverchair3315 2 ай бұрын

$1 million for 2bed 3 bathroom, 2237sqft home in LV? 😂😂😂😂

@lasvegasliving9237 2 ай бұрын

Crazy! 🤪

@jumpofjoy8815 2 ай бұрын

Job numbers alone are meaningless without stating what kind of jobs and what they pay. We see layoffs all over the place. Replacing good full-time jobs with part-time low pay gigs isn’t exactly a sign of a healthy economy, especially one that’s based on consumption. Look at the new car prices - how can an average working person can afford to pay 60-80k for a car. How can we afford housing, insurance, groceries, healthcare at current prices with 40-60k salaries? Something has to give.

@lasvegasliving9237 2 ай бұрын

Agreed!

@billger5710 2 ай бұрын

Great analysis comparing previous generation's opportunity for home ownership (and BTW often a single earner with spouse raising children). Today there is a segment of the population as you point out that are increasingly unable to afford housing and you see the rise of "nomads" living in vehicles, and shockingly well paid hi tech workers in silicon valley. I love HGTV but just realized all of these flippers, along with corporate housing buyers are helping to inflate housing.. There needs to a be a serious focus and support on smaller, cheaper, alternative housing options. And not Soviet style, 60's concrete jungles.

@lasvegasliving9237 2 ай бұрын

Agreed. Thanks so much for the support!👍

@khonzi4266 2 ай бұрын

You need two incomes to buy a house.

@ddawson8069 2 ай бұрын

...Plus a big infusion of cash. Unless you've saved a lot or have generous parents good luck!

@lasvegasliving9237 2 ай бұрын

True for most people. Sad.

@lasvegasliving9237 2 ай бұрын

@@ddawson8069 Very true!

@jimkelley8658 2 ай бұрын

That last example is just a bad example. A 3,790 s. ft. home for only $158/sq. ft would be a steal. Yet, even the flippers don't want this despite it even being a pool home. Why? It's North Las Vegas. Even Californians will stay away from that area.

@lasvegasliving9237 2 ай бұрын

That simply not true. North Las Vegas is growing tremendously, especially after the pandemic.

@LesterRivera-gm9ee 2 ай бұрын

And everyone around keep loosing their job 😂😂😂.

@lasvegasliving9237 2 ай бұрын

Layoffs are happening more and more!

@itstime3088 2 ай бұрын

There are hundreds applied for the same jobs I am looking for. Hard to quite my stressful job for a better one

@lasvegasliving9237 2 ай бұрын

Sorry to hear that. Too bad the media will never talk about those specific issues regarding the job market.

@falcundo 2 ай бұрын

Another informative video Jerry. Now, a variable in home valuation is homelessness. Does Las Vegas have lots of homeless people? Are they concentrated near the strip or evenly dispersed? Are they largely locals down on their luck or outsiders drawn to the glitz? Thanks for keeping it real.

@lasvegasliving9237 2 ай бұрын

As Las Vegas has grown, the homeless population also has grown (just as in most popular cities). However, it is not as bad as some of the other bigger cities, mostly concentrated downtown. I would assume it's mostly people drawn to Las Vegas but can't give you a good answer on locals or not.

@jimperrett5901 2 ай бұрын

I also see a lot of new houses being built. Vegas has always been boom and bust. Remember Lake Las Vegas when it went bust. Wish I had bout 10 of the bank owned condos over there.

@lasvegasliving9237 2 ай бұрын

Las Vegas has typically been that kind of city but this time around it could be different based on the amount of Californians moving here. This is a very different economy and housing market compared to the last crash.