[vegaslocal55]

"Why don't you try jumping in and keeping the discussion honest?"
Twice in the last day I tried by asking Tony what his take is on the housing market but he just ignores me. IMO he has never had anything to add to this forum, & he's confirming my suspicions by not answering my questions.
Just wondering, Olecapt, have you personally met this guy?

[tony soprano]

Originally Posted by Spraynard Kruger

With all due respect, I wish you two children would take the bickering somplace else...maybe the RE forum or to DM.

And I can just as easily say if you don't like my mentioning it...don't read it or ignore it, but that would make me 5 again.

This thread has the potential to be a great resource for people if the professionals used their knowledge to educate and inform, rather than berate other people.

It's not clever.

SK, my purpose is as previously stated - I simply don't want to see anyone else being hurt by following what has been his repeatedly wrong calls on where the Vegas housing market is headed. I know the exchanges can be tiresome, but prior to my entering the fray, Olecapt had a chilling effect on most any discussion that suggested Vegas housing was in trouble. This was typically done by him telling people how wrong they were, how they didn't know the Vegas RE market, and/or characterizing them as "doomers". At least now there can be a free exchange of ideas in this thread as to where the market is headed. Why? Because Olecapt knows that I'm here to remind him, Vegas realtor or not, his opinion is worth no more than anyone else's opinion. In fact, given his dismal track record, I assign no value at all to his opinions on market direction.

Everyone is ultimately responsible for their own personal decision to buy or not buy, but the fact of the matter is people peruse this thread in the hopes of gleaning a hint at where the Vegas housing market is headed. To the uninitiated noobs, there is likely a natural tendency to ascribe a level of credibility towards a local realtor, unless of course they are educated on how frequently that realtor got things wrong. Would you personally follow the advice of a realtor that admittedly missed the housing crash? Would it make any difference to you if they labeled it lender suicide instead of a housing crash?

So, that's my position. I know there's probably collateral damage in these exchanges, but I think the noobs and lurkers deserve to know the full story - before they're sold a bill of goods.

[khuntrevor]

You keep at it, Tony. You're remarks a sincere, and your understanding of the LV market is much more accurate than the Captain, who does happen to know Vegas, it's just his Bullishness has turned him into a liar. BTW, I just signed the papers on a SFH in midtown Phoenix for 18,500. I've given up on HOAs. And yes it is a very small house (goes well with a big bank account), but the location is super (even OC will tell you it's all about location) on a walled 7300 sf lot.

[007 license to sell]

I posted this article on one of the other blogs I felt it was worth posting it here as well incase some bloggers may have missed it.
This article sheds light on what is happening in Vegas on what is going on with jobs, and the economy and what it will take for Vegas to come back.

Projection is for a mass migration from Nevada

[Pauline May]

It's just a hunch, but I think you're all wrong and we'll recover sooner than expected. It's already happening with the casino industry in that there are signs of expansion and hiring, albeit somewhat slow. But it's an expansion. And that's just a start, and other industries will benefit and start to expand as well. However, it will never be as soon as we want or expect.

[las vegas drunk]

Originally Posted by Pauline May

It's just a hunch, but I think you're all wrong and we'll recover sooner than expected. It's already happening with the casino industry in that there are signs of expansion and hiring, albeit somewhat slow. But it's an expansion. And that's just a start, and other industries will benefit and start to expand as well. However, it will never be as soon as we want or expect.

Yeah, whatever, and I have some ocean side property in Arizona to sell you if you honestly believe that.

[eventusstultorummagister]

Thing's are really starting to heat up in Hawaii, all those Caleefawnians with vacation homes there are now faced with the dilemma of selling their vacation/retirement home at a huge detriment or lose their primary residences. As a retiree I would much rather wake up to the smell of fresh Kona coffee brewing and the sound of waves crashing.

Vegas has and always will be a place where residents come and go (frequently), now they will be unable to do so (locked in by negative equity). I won't call bottom but I do vehemently predict a rapid rise in malcontension.

[olecapt]

Originally Posted by eventusstultorummagister

Thing's are really starting to heat up in Hawaii, all those Caleefawnians with vacation homes there are now faced with the dilemma of selling their vacation/retirement home at a huge detriment or lose their primary residences. As a retiree I would much rather wake up to the smell of fresh Kona coffee brewing and the sound of waves crashing.

Vegas has and always will be a place where residents come and go (frequently), now they will be unable to do so (locked in by negative equity). I won't call bottom but I do vehemently predict a rapid rise in malcontension.

When we decided to retire from CA we consdered Hawaii and AZ as alternatives to Las Vegas. We actually spent a couple of months in Hawaii before deciding to move to Las Vegas.

It was not a close call. Hawaii may be fine if your vision of life is laying on a chair in the backyard. But that is about it unless you move to Honolulu. I don't see any great buys in Honolulu and don't really rate it any better than a mainland city.

Your mileage may vary...

[eventusstultorummagister]

Originally Posted by olecapt

When we decided to retire from CA we consdered Hawaii and AZ as alternatives to Las Vegas. We actually spent a couple of months in Hawaii before deciding to move to Las Vegas.

It was not a close call. Hawaii may be fine if your vision of life is laying on a chair in the backyard. But that is about it unless you move to Honolulu. I don't see any great buys in Honolulu and don't really rate it any better than a mainland city.

Your mileage may vary...

Big Island, Kona (ex-whaling village), surfing, sailing, fishing, hiking, etc. Waikiki is a tourist trap much like Vegas.

[sdreloc]

Originally Posted by eventusstultorummagister

Big Island, Kona (ex-whaling village), surfing, sailing, fishing, hiking, etc. Waikiki is a tourist trap much like Vegas.

You will have a higher risk of earthquakes than Las Vegas plus additional threats of volcanoes, hurricanes and tsunamis.
Other than that, Hawaii is just super expensive. You will need a high income just to live modestly there.