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Old 04-22-2013, 04:12 PM
 
244 posts, read 332,270 times
Reputation: 204

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Housing market expert Keith Jurow reviews data which he says documents manipulation of the housing market.

Keith Jurow Gives Housing Market Warning on WSJ Radio
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Old 04-22-2013, 04:12 PM
 
743 posts, read 968,140 times
Reputation: 531
Quote:
Originally Posted by von949 View Post
The beauty of this area of the forum is that there is a little "back story" to all the regular LV posters. It is easier to tell if someone is posting to give info, receive info or just trying to stir the pot. No one has to do anything, but damn, at least say why or how you are invested in this town. Or at least why you care. How many different ways can you say "LV market sucks"?
Well put, if Trader Joe is a retired macroeconomics professor from Princeton vs. a bowling alley lane cleaner posting on his break I'd want to know...I mean, I spend the time reading his posts.
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Old 04-22-2013, 04:12 PM
 
Location: Sunrise
10,864 posts, read 16,986,499 times
Reputation: 9084
Quote:
Originally Posted by von949 View Post
I would purchase a Dottys. Or find a way to franchise it. All of the gambling revenue without dealing with the big casino BS. A single employee. Open 24/7. Just watch the revenue roll in.

If I could, I would attach a laundromat on one side and a day care on the other. One stop shop.

It sounds bad but that's what Vegas locals want. Believe it or not.
I completely agree with you -- both about opening a business and what kind of business will succeed in this town.

But I wouldn't open a business in Las Vegas because I am unwilling to make that kind of investment in this town. I'd gladly open a business elsewhere. But not here. I'll buy houses, rent them, and then sell them when I leave. When I get to wherever I'm going next, I'll set up shop.

(EDIT -- Although I don't see how you could run a Dottie's with only one employee. I imagine it takes around 10-15 or so. You could do a laundromat on the cheap though, for sure.)
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Old 04-22-2013, 04:28 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,152,514 times
Reputation: 3900
Quote:
Originally Posted by ScoopLV View Post
I completely agree with you -- both about opening a business and what kind of business will succeed in this town.

But I wouldn't open a business in Las Vegas because I am unwilling to make that kind of investment in this town. I'd gladly open a business elsewhere. But not here. I'll buy houses, rent them, and then sell them when I leave. When I get to wherever I'm going next, I'll set up shop.

(EDIT -- Although I don't see how you could run a Dottie's with only one employee. I imagine it takes around 10-15 or so. You could do a laundromat on the cheap though, for sure.)
I have been in Dottie's twice for doing Craigslist transactions(seller insisted both times). I have only seen one person behind the counter both times. Maybe someone cleaning up after people, not sure. Either way, it is a steady revenue stream. An easy absentee business.

This would be an interesting thread on its own.

"What would you do with $$$$$ amount of money in LV."

Meaning you have to spent in in Vegas, not just save it and then leave the city.

Lets say you won the max pay out on MegaBucks.


Motorola DynaTAC 8000x
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Old 04-22-2013, 05:05 PM
 
244 posts, read 332,270 times
Reputation: 204
I wish to impart one notion here, I am personally determined to do what I can to save our country from going down the tubes like many other past great civilizations. To do this, everyone must be prepared to roll up their sleeves and get in the trenches and fight for your freedom!

First step, become more aware of what's being done and help form a cohesive unit of responsible citizens to restore sanity to our system.

We must put an end to this out of control behavior and allow the system to self regulate and self correct. Allowing the Fed to run rampant will only lead to one thing...

Vegas Vic
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Old 04-22-2013, 05:09 PM
 
Location: Sunrise
10,864 posts, read 16,986,499 times
Reputation: 9084
Yeah, good luck with that...
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Old 04-22-2013, 06:49 PM
 
171 posts, read 218,889 times
Reputation: 106
Quote:
Originally Posted by Trader Joe99 View Post
Ever thinking about that poor soul you are planing to unload your house?
Anything wrong with that? I bought the houses with my hard-earned cash; fixed and rented them out; and provided excellent services to my tenants. Some of the houses are in the same neighborhood of my primary residence, and my neighbors really appreciate what I do to keep the houses and the community in a better condition. Of course when the time is up I will sell them for profit.
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Old 04-22-2013, 08:03 PM
 
12,973 posts, read 15,793,565 times
Reputation: 5478
Quote:
Originally Posted by von949 View Post
I have been in Dottie's twice for doing Craigslist transactions(seller insisted both times). I have only seen one person behind the counter both times. Maybe someone cleaning up after people, not sure. Either way, it is a steady revenue stream. An easy absentee business.

This would be an interesting thread on its own.

"What would you do with $$$$$ amount of money in LV."

Meaning you have to spent in in Vegas, not just save it and then leave the city.

Lets say you won the max pay out on MegaBucks.


Motorola DynaTAC 8000x
Dottie's is a dead issue. They never were really legal but were trying to use a loop hole to establish a low level casino. They are now required to put in a bar, have a kitchen and serve meals 12 hours a day.

Note though you can buy a gas station and have your VP machines. I don't know if you could do it in a laundromat or not - sounds like a fun concept.
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Old 04-22-2013, 09:37 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,152,514 times
Reputation: 3900
Quote:
Originally Posted by lvoc View Post
Dottie's is a dead issue. They never were really legal but were trying to use a loop hole to establish a low level casino. They are now required to put in a bar, have a kitchen and serve meals 12 hours a day.

Note though you can buy a gas station and have your VP machines. I don't know if you could do it in a laundromat or not - sounds like a fun concept.
I have found a couple of laundromats in the valley with slot machines. Seems that they were "grandfathered" in the business. I plan on looking into the legality of it though.

The Laundry Factory in Las Vegas, Nevada - Coin Laundry Association

Quote:
Being located in Las Vegas, the original Laundry Factory featured five slot machines when the couple purchased it.
“For us to keep the gaming, we would have had to go through all of the bells and whistles that the state wants you to go through to get a gaming license,” Dan explained.
However, before doing so, he and Krista took a poll of their current customers. Did they like the slot machines in the laundromat? Would they miss them if they were gone?
* Serving Las Vegas, NV, Wash N Fun Laundromat provides a variety of clothes cleaning services.

Some of Our Services Include:
  • Coin Operated Machines
  • Dry Cleaning
  • Personal Mailboxes
  • Full Service
  • Hand Ironing
  • ATM
  • Amusement Games
  • Self Service
  • Wash & Fold
  • Slot Machines
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Old 04-22-2013, 10:34 PM
 
59 posts, read 91,034 times
Reputation: 87
We need higher housing prices.
Is that what some of you geniuses are saying?
Have none of you have any conscience or intelligence?
Higher prices without higher salaries?
Salaries are going down. Jobs have vanished. What do you want, an even bigger gap between rich and poor?

We need DEFLATION. We need higher interest rates. We need to reward
savers and punish the speculators who are ruining America. Those are the same people who want to let rich FOREIGNERS into America to buy the houses that are now out of reach of most Americans-instead of raising interest rates so housing prices would fall and become more reasonably priced so Americans can afford houses without liar loans.

Higher interest rates and bankruptcies are the ONLY CURE. Party's over. Face the truth.
No growth is possible now, not until government, corporations and consumers all get out of debt.
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