[eventusstultorummagister]

Strictly a personal decision but what people fail to consider is the fact that the vast majority of those who move to Vegas grow disenchanted and leave in a relatively short time period and if they're locked into a long-term lease or worse yet, a negative equity property, they will find themselves trapped.

[lyra33]

Originally Posted by eventusstultorummagister

Strictly a personal decision but what people fail to consider is the fact that the vast majority of those who move to Vegas grow disenchanted and leave in a relatively short time period and if they're locked into a long-term lease or worse yet, a negative equity property, they will find themselves trapped.

??? It's a well known fact that Vegas is a transient city. People come and go...however people still come and keep coming. As far as being trapped if they really wanted to leave they can- that's why landlords collect deposits. It's a great time to be buying right now because housing is so cheap.

The good thing about the slow down is that my neighborhood "feels" much more stable, (in that people seem to be staying put), than it did when we were on the high end and it seemed like everyone wanted to sell so they could either trade up or cash in on the equity.

[jhiker1o]

Originally Posted by jfkIII

Too late for that....signs of collapse would become more and more apparent. Empty houses and businesses will litter the desert land like neighborhoods in Detroit. LV needs to learn to sustain it's current population and infrastructure. If not...what's left behind will not be pretty.

Vegas will always have a market for these empty homes. We are in a recession, the world is in a recession but there are still many people who can afford a 2nd home and there will always be people out there who would buy properties as an investment. Many investors from Asia, Canada, Europe and elsewhere can afford the low cost of acquiring these homes in Vegas compared to many cities who are also hurting with foreclosures. Vegas advantage is its lifestyle and how it develop as a brand on it own.

I'm not too optimistic about these vacant strip malls and offices though. There are simply too many built with such a small population. I have not googled vacancy rates on these strip malls and offices units but I tell you just driving around town and looking at empty store fronts, empty strip malls and offices, it is not good.

[olecapt]

Originally Posted by eventusstultorummagister

Strictly a personal decision but what people fail to consider is the fact that the vast majority of those who move to Vegas grow disenchanted and leave in a relatively short time period and if they're locked into a long-term lease or worse yet, a negative equity property, they will find themselves trapped.

Prove it...I think one can easily demonstrate that there is an unusual flow into Las Vegas ...or at least used to be. But proving that there is an outflow larger than other cities is not so easily demonstrated.

So you asserted it...prove it... or admit that you don't know that it is true.

If you think they move around a lot inside LV prove that...it also is not evident.

And not someone else's opinion that is true...facts not opinion.

[jfkIII]

I don't know. While the data is old (2008)...from a pure visual sense...in and out seems about equal.

Map: Where Americans Are Moving - Forbes.com

[olecapt]

Originally Posted by jfkIII

I don't know. While the data is old (2008)...from a pure visual sense...in and out seems about equal.

Map: Where Americans Are Moving - Forbes.com

No where near equal. Four or five to one. Also needs to be adopted to size of the city.

It does however sound like the IRS has the right data base...but where?

[JonathanLB]

Well, even if that was true, and Vegas is a very transient city, which I could understand, so is Los Angeles. Do you know how many people and friends I've had here who have come and gone in just my short 3.5 years? There are THOUSANDS of people coming here every week to make it in the film industry as actors, actresses, directors, cinematographers, editors, you name it, and most of them wash up and go back home. My editor went back home to Bakersfield, another friend went back to Virginia, another to Georgia, one to New York, etc. Almost nobody I know who came down here actually stayed.

The reason I want to move is the opposite, though. I already "made it" in the sense that I'm already in the industry, and I don't need to keep hanging around networking events to meet "the right people." My work speaks for itself and opportunities will arise that I create, by approaching investors for my next film, through getting an agent, etc. I won't have much need to be in the city to drum up work, especially since on the corporate side I have a sales lady to do that anyway.

We discussed it and she thinks it'd be a great idea to expand our video services to the Las Vegas area, and I'd love to be the point of contact in Vegas while she can do the dirty work in Los Angeles, and we'll conquer both markets for even faster growth.

[mjsinhsv]

I don't mean to be negative or a pessimist but I don't think anyone should move to Vegas right now unless they have firm employment. You can't ignore the facts of the economic downturn and the direction that Vegas that is heading. I know people are smiling and saying this is just a temporary hiccup but I think the explosive growth that vegas has experienced in the past is over and vegas is going to contract. Vegas has pretty much put all of their eggs in one basket...gaming. In the past when people wanted to gamble...they went to vegas. Today there are casinos all over the country and new ones opening .. List of Casinos in United States
I've been to casino's in vegas and casinos around the country...they have the same slot machines and black jack tables. Vegas has over built residential housing and Casinos. The simple law of supply and demand will always prevail.

[JonathanLB]

I don't think that's really true. I mean, look I could go to the Hustler Casino or a few other casinos here near Los Angeles, but it's not the same as Las Vegas. To say they're the same, they are not. There are a lot more card rooms in Vegas, the quality of the casinos is far superior, and I don't really believe it's just about "the gaming," as you say, either. I hardly ever gamble, I play Hold 'Em but I don't actually gamble, and I love Vegas! I love the Strip, the restaurants, the shows, the whole experience. There is nowhere else in the U.S. like it. Most cities you can't just grab a beer and carry it down the street. Vegas is also mythological, it is a place people love visiting because of its aura, glamorized by the media too, I don't see that going away any time soon. It's a pretty incredible city.

Whether there will ever be explosive growth again? I don't know, and I don't really care either, but there will always be a vibrant Las Vegas that is a tourist destination.

[jfkIII]

Originally Posted by JonathanLB

Well, even if that was true, and Vegas is a very transient city, which I could understand, so is Los Angeles. Do you know how many people and friends I've had here who have come and gone in just my short 3.5 years? There are THOUSANDS of people coming here every week to make it in the film industry as actors, actresses, directors, cinematographers, editors, you name it, and most of them wash up and go back home. My editor went back home to Bakersfield, another friend went back to Virginia, another to Georgia, one to New York, etc. Almost nobody I know who came down here actually stayed.

The reason I want to move is the opposite, though. I already "made it" in the sense that I'm already in the industry, and I don't need to keep hanging around networking events to meet "the right people." My work speaks for itself and opportunities will arise that I create, by approaching investors for my next film, through getting an agent, etc. I won't have much need to be in the city to drum up work, especially since on the corporate side I have a sales lady to do that anyway.

We discussed it and she thinks it'd be a great idea to expand our video services to the Las Vegas area, and I'd love to be the point of contact in Vegas while she can do the dirty work in Los Angeles, and we'll conquer both markets for even faster growth.

Just curious...are you in the porn industry?