[olecapt]

Originally Posted by Tagalog

See your point. But Riverside has counties has the rest of California which has hundreds of other cities to help absorb an impact. What does Vegas have, Henderson and North Las Vegas. Not much to help with this kind of impact.

Nonsense yet again. Riverside has LA which hurts almost as bad and the interior of CA which hurts far worse.

Note the Riverside is twice as big as Las Vegas.

You need to face it Tagalog. Vegas is hurting but somewhat less than some of its neighbors.

[tijlover]

Originally Posted by eventusstultorummagister

Construction is done (stick it with a fork). That looms large...

Look around! Look around! You don't see the cranes in the air?

Construction workers busily building new corporate headquaters buildings all over the valley, for all these corporations moving here to take advantage of our low taxes!

And once completed? That will fuel housing construction for all the workers that will transfer here, or move here for those juicey high-paying jobs!

[eventusstultorummagister]

Originally Posted by olecapt

Vegas is hurting but somewhat less than some of its neighbors.

To catch rabbits, hide behind a bush and do carrot calls.

[Tagalog]

Originally Posted by olecapt

We do have a high foreclosure rate which makes it a desirable place to move.

Granted this idea works if there are jobs for people to make their payments. Most of the buyers in the Vegas areas are cash buyers. They are looking to spin it when the times comes. How does that help Vegas???

[Tagalog]

Originally Posted by olecapt

Nonsense yet again. Riverside has LA which hurts almost as bad and the interior of CA which hurts far worse.

Note the Riverside is twice as big as Las Vegas.

You need to face it Tagalog. Vegas is hurting but somewhat less than some of its neighbors.

Again, California has hundreds of cities. What does Nevada have........not much. Think about it.

[XFILESMULDER]

Originally Posted by olecapt

there are numerous cities with higher unemployment than Las Vegas including our nearest neighbor Riverside CA which is 14.4%.

We do have a high foreclosure rate which makes it a desirable place to move.

What else can I help you understand?

olecapt any city our area with a high foreclosure rate is defiantly not a desirable place to live for a lot of reasons number one its generally due to a lack of jobs our poor quality jobs in the area .I’m sure you can find a good deal on a property out there right now but you have to have a steady income and be financially stable.

[olecapt]

Originally Posted by XFILESMULDER

olecapt any city our area with a high foreclosure rate is defiantly not a desirable place to live for a lot of reasons number one its generally due to a lack of jobs our poor quality jobs in the area .I’m sure you can find a good deal on a property out there right now but you have to have a steady income and be financially stable.

The entire US has a high unemployment rate. For a low one you have to go to North Dakota. The price is too high.

The foreclosure problem in Las Vegas (and Phoenix and a couple of other places) is due to exceptional exuberance in the RE market in the 2004/2005 era. It has nothing to do with jobs.

the foreclosure rate provides the opportunity to buy a home in a very desirable area for a very low price. And it will not last. Once the foreclosure thing runs its course the prices will go up 20% or more to the normal for such a city..

So take advantage of the odd circumstance or feel bad when it goes away and you say "shoulda bought at the bottom".

[VegasBarb]

The Gap is a clothing store

[chicagobull]

Originally Posted by olecapt

The entire US has a high unemployment rate. For a low one you have to go to North Dakota. The price is too high.

The foreclosure problem in Las Vegas (and Phoenix and a couple of other places) is due to exceptional exuberance in the RE market in the 2004/2005 era. It has nothing to do with jobs.

the foreclosure rate provides the opportunity to buy a home in a very desirable area for a very low price. And it will not last. Once the foreclosure thing runs its course the prices will go up 20% or more to the normal for such a city..

So take advantage of the odd circumstance or feel bad when it goes away and you say "shoulda bought at the bottom".

Agree with 1000%!!!!!!

[Tagalog]

Originally Posted by olecapt

The entire US has a high unemployment rate. For a low one you have to go to North Dakota. The price is too high.

The foreclosure problem in Las Vegas (and Phoenix and a couple of other places) is due to exceptional exuberance in the RE market in the 2004/2005 era. It has nothing to do with jobs.

the foreclosure rate provides the opportunity to buy a home in a very desirable area for a very low price. And it will not last. Once the foreclosure thing runs its course the prices will go up 20% or more to the normal for such a city..

So take advantage of the odd circumstance or feel bad when it goes away and you say "shoulda bought at the bottom".

Vegas is the only city in the United States, as far as I know that its economy 100 percent dependent on tourism. With the rest of the United States in a dip will hurt Vegas. I do not understand your logic olecapt. You make Vegas sound like it's fine here. It's not!! As a matter of fact, it's going to get worse.