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Old 01-23-2019, 03:03 PM
 
Location: Las Vegas, NV
205 posts, read 297,340 times
Reputation: 197

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https://www.calculatedriskblog.com/2...acking_22.html

Las Vegas housing bust imminent, inventory up 57% yoy 🤭-screen-shot-2019-01-23-12.53.23
That chart looks like H-E-double hockey sticks.

Quote:
Note that inventory was up 82% YoY in Las Vegas in December (red), the sixth consecutive month with a YoY increase.
At least we're not Seattle (up 272%).

Some people have been sneaking out the back to call their RE agent.

 
Old 01-23-2019, 03:20 PM
 
14 posts, read 4,106 times
Reputation: 35
It’s intersting when you comp YoY inventory, that Dec 2017 was very low at 4K total inventory when you look at Dec 2018 now, it’s at 6K, which is really not that much difference in MoM.

More people are trying to sell now, thinking that they should cash in now hoping that they can still get top dollar.

Houses that are priced right and don’t need renovating will still sell, but I think there are still a lot of people still thinking prices are going up at the same rate as they were in Q1 2018 and they have overpriced them relative to the market.
 
Old 01-23-2019, 08:58 PM
 
Location: Tucson/Nogales
16,778 posts, read 20,506,119 times
Reputation: 23070
Quote:
Originally Posted by equid0x View Post
Liberals are always ready to spend everyone else's money.
And there are liberal Republican Governors like Gibbons who reigned over the 2nd biggest tax increase in NV History and along comes Liberal Republican Governor Sandoval who reigned over the biggest tax increase in NV history.

And could you see, with your eyes, what those taxes provided for?

Last edited by tijlover; 01-23-2019 at 09:22 PM..
 
Old 01-23-2019, 09:09 PM
 
543 posts, read 200,220 times
Reputation: 310
Quote:
Originally Posted by tijlover View Post
And there are liberal Republican Governors like Gibbons who reigned over the 2nd biggest tax increase in NV History and along comes Liberal Governor Sandoval who reigned over the biggest tax increase in NV history.

And could you see, with your eyes, what those taxes provided for?
Never do. Get ready for another tax hike now that Sisolak has taken office...
 
Old 01-23-2019, 09:24 PM
 
Location: Tucson/Nogales
16,778 posts, read 20,506,119 times
Reputation: 23070
Quote:
Originally Posted by equid0x View Post
Never do. Get ready for another tax hike now that Sisolak has taken office...
Sisolak is a DINO! Democrat in name only! And Sandoval was a RINO, Republican in name only!
 
Old 01-23-2019, 09:40 PM
 
543 posts, read 200,220 times
Reputation: 310
Quote:
Originally Posted by tijlover View Post
Sisolak is a DINO! Democrat in name only! And Sandoval was a RINO, Republican in name only!
Hmm. He wants gun control and has already stated his intent to raise taxes. Supports DACA, expanded Medicaid, supported the taxpayer funded (defunct?) Convention Center expansion, taxpayer funded Raiders stadium. He also supported tax increases for Metro and CCSD(though I agree with this one). He bills himself as a progressive. Doesn't sound too DINO to me.
 
Old 01-23-2019, 10:14 PM
 
11,500 posts, read 4,188,300 times
Reputation: 5028
Quote:
Originally Posted by equid0x View Post
Hmm. He wants gun control and has already stated his intent to raise taxes. Supports DACA, expanded Medicaid, supported the taxpayer funded (defunct?) Convention Center expansion, taxpayer funded Raiders stadium. He also supported tax increases for Metro and CCSD(though I agree with this one). He bills himself as a progressive. Doesn't sound too DINO to me.
Not aware that Sisolak has proposed any tax rises. He has talked about maintaining some taxes that are about to expire but that is all I have seen.

You got a source?
 
Old 01-23-2019, 10:46 PM
 
543 posts, read 200,220 times
Reputation: 310
Quote:
Originally Posted by lvmensch View Post
Not aware that Sisolak has proposed any tax rises. He has talked about maintaining some taxes that are about to expire but that is all I have seen.

You got a source?
Straight from the horse's mouth:

https://youtu.be/6ZpC5-511RE
 
Old 01-24-2019, 08:45 AM
 
392 posts, read 70,067 times
Reputation: 651
Quote:
Originally Posted by equid0x View Post
The deuce bus is always full. Always...The point of public transportation is that it is cheaper than driving.
What costs us taxpayers less:

a) Adding Deuce capacity, complete with more public sector bus drivers and mechanics and their gold-plated public sector pensions & Cadillac health care; or
b) Spending $20 Billion or whatever to put in a light rail system that has negative ROI; or
c) Allowing tourists to use the existing infrastructure supplemented by privately paying for rental cars or Uber?



Quote:
Originally Posted by equid0x View Post
I can't speak for what the travel time by car might be to an employee garage but in the DC area it's definitely faster to take public transit than to drive a car.
Las Vegas is very different from DC.
 
Old 01-24-2019, 10:54 AM
 
543 posts, read 200,220 times
Reputation: 310
Quote:
Originally Posted by RationalExpectations View Post
What costs us taxpayers less:

a) Adding Deuce capacity, complete with more public sector bus drivers and mechanics and their gold-plated public sector pensions & Cadillac health care; or
b) Spending $20 Billion or whatever to put in a light rail system that has negative ROI; or
c) Allowing tourists to use the existing infrastructure supplemented by privately paying for rental cars or Uber?





Las Vegas is very different from DC.
All public transit is negative ROI. It's always at least partially publicly funded thus the term "Public Transportation".

You can't expand bus service beyond a double decker bus. Light rail can pretty much be as many cars as you want, so long as you have the power conduits installed to handle the load. They're already running the deuce about every 5 minutes. There is clearly demand.

The point of a light rail is to expand capacity somewhere that busses alone are insufficient. Once the stadium and the orb go in there is going to be an increased demand for games and events.

The strip already gridlocks during large events like CES and backs up into 15. The roads there are as wide as they are going to get. Time to start looking at other options.
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